Document ID: chunk:federal_register_of_legislation:F2023L00323:clause:1_6
Version: federal_register_of_legislation:F2023L00323
Segment Type: clause
Provision Reference: sch 1 cl 6
Character Range: 2543–3674

6  Waiver of the requirement to hold a tax invoice
 (1) For the purpose of attributing an input tax credit for a creditable acquisition to a tax period, a recipient is not required to hold a tax invoice under subsection 29‑10(3) of the Act if:
            (a) the recipient holds:
               (i) an offer document given to more than one recipient; or
               (ii) a renewal notice; and
            (b) the recipient has:
               (i) accepted the offer or renewal;
               (ii) completed the requirements in the offer document or renewal notice; and
                (iii) paid consideration according to the terms of the offer or renewal; and
            (c) the requirements in subsection (2) are met.
 (2) At the time the recipient gives a GST return to the Commissioner for the tax period to which the input tax credit (or any part of the input tax credit) on the acquisition would otherwise be attributable:
            (a) the recipient must hold the relevant offer document or renewal notice; and
            (b) that offer document or renewal notice must meet the requirements set out in section 7.