Document ID: chunk:federal_register_of_legislation:C2025C00126:clause:3_16:p13
Version: federal_register_of_legislation:C2025C00126
Segment Type: clause
Provision Reference: sch 3 cl 16 (pt 13/58)
Character Range: 672020–674737

(c) allow another entity to consume, dispose of or destroy the thing.

Subdivision 129‑D—Amounts of adjustments for acquisitions and importations

129‑70  The amount of an increasing adjustment
  The amount of an *increasing adjustment that you have under Step 3 of the Method statement in section 129‑40 for the thing acquired or imported is worked out as follows:

where:
full input tax credit is the amount of the input tax credit to which you would have been entitled for acquiring or importing the thing for the purpose of your *enterprise if:
 (a) the acquisition or importation had been solely for a *creditable purpose; and
 (b) in the case where the supply to you was a *taxable supply because of section 72‑5 or 84‑5—the supply had been or is a *taxable supply under section 9‑5.

129‑75  The amount of a decreasing adjustment
  The amount of a *decreasing adjustment that you have under Step 4 of the Method statement in section 129‑40 for the thing acquired or imported is worked out as follows:

where:
full input tax credit is the amount of the input tax credit to which you would have been entitled for acquiring or importing the thing for the purpose of your *enterprise if:
 (a) the acquisition or importation had been solely for a *creditable purpose; and
 (b) in the case where the supply to you was a *taxable supply because of section 72‑5 or 84‑5—the supply had been or is a *taxable supply under section 9‑5.

129‑80  Effect of adjustment under certain Divisions
  For the purpose of working out under this Subdivision the amount of an *adjustment for an acquisition, any adjustments under Division 19, 21, 133 or 134 that you have had for the acquisition are to be taken into account in working out the full input tax credit for the purpose of section 129‑70 or 129‑75.

Subdivision 129‑E—Attributing adjustments under this Division

129‑90  Attributing your adjustments for changes in extent of creditable purpose
 (1) An *adjustment that you have arising in respect of an *adjustment period under this Division is attributable to the tax period that is that adjustment period.
 (2) This section has effect despite section 29‑20 (which is about attributing adjustments).

Division 130—Goods applied solely to private or domestic use

130‑1  What this Division is about
      You may have an increasing adjustment if you apply solely to private or domestic use goods for which you had a full input tax credit.

130‑5  Goods applied solely to private or domestic use
 (1) You have an increasing adjustment if:
 (a) you made a *creditable acquisition or *creditable importation of goods; and
 (b) the acquisition or importation was solely for a *creditable purpose; and
 (c) you *apply the goods