Document ID: chunk:federal_register_of_legislation:C2025C00126:clause:3_16:p17
Version: federal_register_of_legislation:C2025C00126
Segment Type: clause
Provision Reference: sch 3 cl 16 (pt 17/58)
Character Range: 681901–684639

GST payable on the importation if:
 (a) an *annual apportionment election that you have made has effect at the end of the tax period to which the input tax credit is attributable; and
 (b) the importation is not an importation of a kind specified in the regulations.
 (2) However, if the importation relates to making supplies that would be *input taxed, the amount of the input tax credit on the importation is as follows:

where:
extent of non‑input‑taxed purpose is the extent to which the importation does not relate to making supplies that would be *input taxed, expressed as a percentage of the total purpose of the importation.
full input tax credit is what would have been the amount of the input tax credit for the importation if it had been made solely for a *creditable purpose.
 (3) In determining for the purposes of subsection (2) whether, or the extent to which, an importation relates to making supplies that would be *input taxed, subsections 15‑10(3) to (5) apply in the same way that they apply for the purposes of paragraph 15‑10(2)(a).
 (4) Determinations made by the Commissioner under subsection 15‑25(4) apply (so far as they are capable of applying) to working out the extent to which a *partly creditable importation does not relate to making supplies that would be *input taxed.
 (5) This section has effect despite sections 15‑20 and 15‑25 (which are about amounts of input tax credits).

131‑50  Amounts of input tax credits for creditable acquisitions or creditable importations of certain cars
 (1) If:
 (a) this Division applies to working out the amount of a *creditable acquisition or *creditable importation that you made; and
 (b) the acquisition or importation is an acquisition or importation of a *car;
the amount of the input tax credit on the acquisition or importation under this Division must not exceed the amount (if any) of the input tax credit worked out under section 69‑10.
 (2) However, if subsection 131‑40(2) or 131‑45(2) applies to the acquisition or importation:
 (a) take into account the operation of section 69‑10 in working out the full input tax credit for the purposes of that subsection; but
 (b) disregard subsection 69‑10(3).

131‑55  Increasing adjustments relating to annually apportioned acquisitions and importations
 (1) You have an increasing adjustment if:
 (a) an acquisition or importation that you made was *partly creditable; and
 (b) the input tax credit on the acquisition or importation is attributable to a tax period ending in a particular *financial year; and
 (c) the amount of the input tax credit is an amount worked out under this Division.
 (2) The amount of the increasing adjustment is an amount equal to the difference between:
 (a) the amount of the