Document ID: chunk:federal_register_of_legislation:F2020L00046:body:0:p2
Version: federal_register_of_legislation:F2020L00046
Segment Type: other
Provision Reference: 
Character Range: 3365–6580

either:

                      (i)                  a determination under section 27-15 of the GST Act is in effect, or

                      (ii)                a determination under section 27-15 of the GST Act would have been in effect if paragraphs 188‑15(1)(a), 188-15(2)(b), 188‑20(1)(a) or 188‑20(2)(b) of the GST Act did not apply, or

                  (c)                one of the following applies:

                      (i)                  the cardholder satisfies or could satisfy the membership requirements of a GST group set out in section 48-10 of the GST Act, or

                      (ii)                the cardholder is nominated in a written agreement for the formation of a GST joint venture made under paragraph 51‑5(1)(ea) of the GST Act to be the joint venture operator of the joint venture, or

                      (iii)              the cardholder is nominated as the joint venture operator of the joint venture under paragraph 51-70(1)(c) of the GST Act, and

                  (d)               in respect of the cardholder or any relevant entity, either:

                      (i)                  a determination under section 27-15 of the GST Act is in effect, or

                      (ii)                a determination under section 27-15 of the GST Act would have been in effect if paragraphs 188-15(1)(a), 188-15(2)(b), 188‑20(1)(a) or 188-20(2)(b) of the GST Act did not apply.

         Relevant entity means an entity that:

                  (a)               satisfies or could satisfy the membership requirements of the same GST group as a cardholder

                  (b)               is a participant in the same GST joint venture as a cardholder, or

                  (c)                is or could be a member of a GST group of which an entity referred to in paragraph (b) is also or could also be a member.

         Supplier includes an agent through whom the supplier makes a supply.

         Visa International means the Visa International Service Association Inc.

         Visa Purchasing Card is a Visa International branded card or account that is issued to and in the name of an entity (or other entities as requested) and is used to purchase goods and services for commercial purposes.

         Visa Purchasing Card provider is an entity that issues Visa Purchasing Cards or an entity authorised to provide Visa Purchasing Cards.

    (2) Other expressions in this determination have the same meaning as in the GST Act.

    5.                  Relief from requirement to hold a tax invoice

    For the purposes of attributing an input tax credit for a creditable acquisition to a tax period, a cardholder is not required (under subsection 29-10(3) of the GST Act) to hold a tax invoice for the creditable acquisition if all the requirements in section 6 of this determination are satisfied.

    6.                  Requirements for relief from holding a tax invoice

    (1) At the time the cardholder gives its GST return/Business Activity Statement for the tax period to the Commissioner:

             (a)               the cardholder must hold a matched data file that records a transaction which includes the creditable acquisition