Document ID: chunk:federal_register_of_legislation:C2025C00126:section:7:p60
Version: federal_register_of_legislation:C2025C00126
Segment Type: section
Provision Reference: s 7 (pt 60/63)
Character Range: 390990–393923

is about what is a creditable acquisition) and section 11‑25 (which is about the amount of input tax credits for creditable acquisitions).

66‑65  Total Subdivision 66‑B credit amounts and Subdivision 66‑B GST amounts
 (1) Your total Subdivision 66‑B credit amount is the sum of the amounts of the input tax credits to which you would have been entitled, for all your acquisitions of *second‑hand goods to which this Subdivision applied, if this Subdivision had not applied to them.
 (2) Your total Subdivision 66‑B GST amount is the sum of:
 (a) all the amounts of GST that, but for the operation of section 66‑45, would have been payable on supplies that you made; and
 (b) all the amounts by which GST payable on supplies that you made has been reduced under section 66‑50.

66‑70  Commissioner may determine rules for applying this Subdivision
 (1) The Commissioner may, in writing, determine:
 (a) that acquisitions of *second‑hand goods of a specified kind are, or are not, acquisitions of second‑hand goods to which this Subdivision applies; or
 (b) how *total Subdivision 66‑B credit amounts or *total Subdivision 66‑B GST amounts are to be worked out in specified circumstances.
 (2) Determinations under subsection (1) override the provisions of this Subdivision (except this section), but only to the extent of any inconsistency.

Division 69—Non‑deductible expenses

Table of Subdivisions
69‑A Non‑deductible expenses generally
69‑B Elections for GST purposes relating to meal entertainment and entertainment facilities

69‑1  What this Division is about
      Some expenses that are not deductible under the ITAA 1997 do not give rise to creditable acquisitions or creditable importations. The amount of input tax credits on some creditable acquisitions or creditable importations of cars is reduced.

Subdivision 69‑A—Non‑deductible expenses generally

69‑5  Non‑deductible expenses do not give rise to creditable acquisitions or creditable importations
 (1) An acquisition is not a *creditable acquisition to the extent that it is a *non‑deductible expense.
 (2) An importation is not a *creditable importation to the extent that it is a *non‑deductible expense.
 (3) An acquisition or importation is a non‑deductible expense if it is not deductible under Division 8 of the *ITAA 1997 because of one of the following:
 (a) section 26‑5 of the *ITAA 1997 (Penalties);
 (b) section 26‑30 of the *ITAA 1997 (Relative's travel expenses);
 (c) section 26‑40 of the *ITAA 1997 (Maintaining your family);
 (d) section 26‑45 of the *ITAA 1997 (Recreational club expenses);
 (e) section 26‑50 of the *ITAA 1997 (Expenses for a leisure facility);
 (f) Division 32 of the *ITAA 1997 (Entertainment expenses);
 (g) Division 34 of the *ITAA 1997 (Non‑compulsory uniforms);
 (h) section 51AK of the *ITAA 1936 (Agreements for the provision of non‑deductible non‑cash business benefits).
 (3A) An acquisition or importation is also a