Document ID: chunk:federal_register_of_legislation:C2025C00029:section:10:p29
Version: federal_register_of_legislation:C2025C00029
Segment Type: section
Provision Reference: s 10 (pt 29/29)
Character Range: 285268–287940

an amount received or receivable is treated as not including an amount equal to any *GST payable on a *taxable supply related to the amount received or receivable, or any *increasing adjustment related to that amount; and
 (b) an element in the calculation that is an amount paid or payable is treated as not including an amount equal to any *input tax credit for an *acquisition related to the amount paid or payable, or any *decreasing adjustment related to that amount.

17‑20  GST groups and GST joint ventures
 (1) A *member of a *GST group is to be treated, for the purposes of this Division, as if Subdivision 48‑B of the *GST Act (other than paragraph 48‑40(2)(a) and subsection 48‑40(3)) did not apply to that member.
 (2) A *participant in a *GST joint venture is to be treated, for the purposes of this Division, as if Subdivision 51‑B of the *GST Act (other than subsections 51‑30(2) and (3)) did not apply to that participant.

17‑30  Special credits because of indirect tax transition
  A special credit under section 19A of the A New Tax System (Goods and Services Tax Transition) Act 1999 is assessable income at the time it is attributed to a *tax period (for a credit under section 19A).

17‑35  Certain sections not to apply to certain assets or expenditure
  Sections 17‑5, 17‑10 and 17‑15 do not apply to assets, or to expenditure, for which you can deduct amounts under Division 40 or Division 328.
Note: See instead Subdivision 27‑B.

Division 20—Amounts included to reverse the effect of past deductions

Table of Subdivisions
 Guide to Division 20
20‑A Insurance, indemnity or other recoupment for deductible expenses
20‑B Disposal of a car for which lease payments have been deducted

Guide to Division 20

20‑1  What this Division is about

      This Division includes amounts in your assessable income to reverse the effect of certain kinds of deductions.

Table of sections
20‑5 Other provisions that reverse the effect of deductions

20‑5  Other provisions that reverse the effect of deductions
  The table lists other provisions that reverse the effect of certain kinds of deductions.
  Provisions of the Income Tax Assessment Act 1997 are identified in normal text. The other provisions, in bold, are provisions of the Income Tax Assessment Act 1936.

Provisions that adjust your tax position in respect of deductions
Item                                                               In this situation:                                                                                                                                                                                                                                        See: