Document ID: chunk:federal_register_of_legislation:F2023L00325:clause:1_6
Version: federal_register_of_legislation:F2023L00325
Segment Type: clause
Provision Reference: sch 1 cl 6
Character Range: 2498–4007

6  Waiver of the requirement to hold a tax invoice
 (1) For the purposes of attributing an input tax credit for a creditable acquisition to a tax period, a recipient is not required to hold a tax invoice under subsection 29-10(3) of the Act if:
            (a) the recipient makes a creditable acquisition from a partner;
            (b) the acquisition is not covered by Division 111 of the Act; and
            (c) at the time the recipient 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, they hold a document that meets the requirements in subsection 7(1).
 (2) For the purposes of attributing an input tax credit for a creditable acquisition to a tax period, a partnership is not required to hold a tax invoice under subsection 29-10(3) of the Act if:
            (a) the partnership makes a creditable acquisition through a partner, where the total price of the thing or things acquired is at least $1,000 or such higher amount specified in regulations made for the purposes of section 29-70 of the Act;
            (b) the acquisition is not covered by Division 111 of the Act; and
            (c) at the time the partnership 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, it holds a document that meets the requirements in subsection 7(2).