Document ID: chunk:federal_register_of_legislation:C2025C00126:section:7:p62
Version: federal_register_of_legislation:C2025C00126
Segment Type: section
Provision Reference: s 7 (pt 62/63)
Character Range: 396096–398954

for a *creditable purpose.
 (4) This section does not apply in relation to:
 (a) the acquisition or importation of a *car that is not a *luxury car because of subsection 25‑1(2) of the A New Tax System (Luxury Car Tax) Act 1999; or
Note: Emergency vehicles, cars fitted to transport disabled people, non‑passenger commercial vehicles, motor homes and campervans are not luxury cars under that subsection.
 (b) the acquisition of a car by lease or hire.
 (5) This section has effect despite sections 11‑25 and 15‑20 (which are about the amount of input tax credits on creditable acquisitions and creditable importations).

Subdivision 69‑B—Elections for GST purposes relating to meal entertainment and entertainment facilities

69‑15  What this Subdivision is about

      The GST consequences of incurring certain expenses for the provision of meal entertainment and entertainment facilities depend on elections made under fringe benefits tax law. These elections might not be made until after GST returns are due.
      This Subdivision allows elections to be made for GST purposes so that GST returns can take into account the likely application of subsection 69‑5(3A) to those expenses, before the fringe benefits tax elections are made.

69‑20  Effect of elections on net amounts
 (1) If you make an election under this Subdivision that has effect during a particular tax period, your *net amount for the tax period must be worked out on the basis of that election.
 (2) This section has effect despite section 17‑5 (which is about working out your net amount).

69‑25  Election to use the 50/50 split method for meal entertainment
  You may elect to have acquisitions or importations treated, for the purposes of this Subdivision, as *non‑deductible expenses because of paragraph 69‑5(3A)(a), to the extent that the acquisitions or importations would be non‑deductible expenses because of that paragraph if:
 (a) an election were in force under section 37AA of the Fringe Benefits Tax Assessment Act 1986 (but no further election were in force under section 37CA of that Act); and
 (b) section 51AEA of the *ITAA 1936 were to apply, because of that election, to expenses relating to the acquisitions or importations.

69‑30  Election to use the 12 week register method for meal entertainment
 (1) You may elect to have acquisitions or importations treated, for the purposes of this Subdivision, as *non‑deductible expenses because of paragraph 69‑5(3A)(b), to the extent that the acquisitions or importations would be non‑deductible expenses because of that paragraph if:
 (a) an election were in force under section 37CA of the Fringe Benefits Tax Assessment Act 1986; and
 (b) section 51AEB of the *ITAA 1936 were to apply, because of that election, to expenses relating to the acquisitions or importations.
 (2) However, you cannot make the election