(1) The amount of GST on a * taxable supply you make is reduced if:
(a) it is a supply of goods that were part of an acquisition you made that was an acquisition of * second-hand goods to which this Subdivision applied; and
(b) your * total Subdivision 66-B credit amount is more than your * total Subdivision 66-B GST amount; and
(c) what would be the amount of GST payable on the supply, if the amount were not reduced under this section, is more than the difference between:
(i) your total Subdivision 66-B credit amount; and
(ii) your total Subdivision 66-B GST amount.
Note: This section will not apply unless the record keeping requirements of section 66-55 are met.
(2) The amount by which the GST on the supply is reduced is an amount equal to the difference between:
(a) your * total Subdivision 66-B credit amount; and
(b) your * total Subdivision 66-B GST amount.
(3) This section has effect despite section 9-70 (which is about the amount of GST on taxable supplies).
Note: Section 9-90 (rounding of amounts of GST) can apply to amounts of GST worked out using this section.