Document ID: chunk:federal_register_of_legislation:F2023L00345:clause:1_6
Version: federal_register_of_legislation:F2023L00345
Segment Type: clause
Provision Reference: sch 1 cl 6
Character Range: 3306–4529

6  Waiver of the requirement to hold a tax invoice
  For the purposes of attributing an input tax credit for a creditable acquisition to a tax period, a lessee or sublessee is not required to hold a tax invoice under subsection 29-10(3) of the Act if:
            (a) the lessee or sublessee made a creditable acquisition of a lease or sublease of commercial premises from a former owner of the commercial premises, and the former owner's reversionary interest in those premises was subsequently sold to the current owner of the commercial premises; and
            (b) at the time the lessee or sublessee gives a GST return to the Commissioner for the tax period to which the input tax credit (or any part of the input tax credit) on the acquisition would otherwise be attributable:
               (i) the lessee, sublessee or their agent holds a document that meets the requirements in subsection 7(1), which was issued by the current owner of the commercial premises; and
               (ii) the lessee, sublessee or their agent holds a document that meets the requirements in subsection 7(2), which was issued by the former owner or sub‑lessor who originally granted the lease or sub-lease of the commercial premises.