Commonwealth Consolidated Acts

A NEW TAX SYSTEM (GOODS AND SERVICES TAX) ACT 1999 - SECT 84.30

  (1)   This section applies to an acquisition that relates to a supply if the supply would be a * taxable supply under section   84 - 5 if paragraph   84 - 5(1A)(b) were disregarded.

  (2)   For the purpose of working out whether there is an * adjustment for the acquisition, and the amount of that adjustment, disregard paragraph   84 - 5(1A)(b).

Note:   As a result, the adjustment (including the full input tax credit referred to in sections   129 - 70 and 129 - 75) is worked out assuming the supply is taxable and the acquisition fully creditable.