Document ID: chunk:federal_register_of_legislation:C2005A00078:clause:6_3
Version: federal_register_of_legislation:C2005A00078
Segment Type: clause
Provision Reference: sch 6 cl 3
Character Range: 17609–18296

3  After subsection 48‑55(1)
Insert:

 (1A) If:
 (a) while you were not a *member of any *GST group, you acquired or imported a thing; and
 (b) you become a member of a GST group at a time when you still hold the thing;
then, when the *representative member of the GST group applies section 129‑40 for the first time after you became a member of the GST group, the *intended or former application of the thing is the extent of *creditable purpose last used to work out:
 (c) the amount of the input tax credit to which you were entitled for the acquisition or importation; or
 (d) the amount of any *adjustment you had under Division 129 in relation to the thing;
as the case requires.