Document ID: chunk:federal_register_of_legislation:C2014A00110:clause:5_92
Version: federal_register_of_legislation:C2014A00110
Segment Type: clause
Provision Reference: sch 5 cl 92
Character Range: 79661–80412

92  Subsection 111‑5(3)
Repeal the subsection, substitute:
 (3) However, the acquisition is not a *creditable acquisition:
 (a) to the extent (if any) that:
 (i) the employee, *associate, agent, *officer or partner is entitled to an input tax credit for acquiring the thing acquired in incurring the expense; or
 (ii) the acquisition would not, because of Division 69, be a creditable acquisition if you made it; or
 (b) unless the supply of the thing acquired, by the employee, associate, agent, officer or partner in incurring the expense, was a taxable supply; or
 (c) if you would, because of Division 71, not have been entitled to an input tax credit if you had made the acquisition that the employee, associate, agent, officer or partner made.