Document ID: chunk:federal_register_of_legislation:C2004A00749:clause:6_17
Version: federal_register_of_legislation:C2004A00749
Segment Type: clause
Provision Reference: sch 6 cl 17
Character Range: 62421–63667

17  Subsections 69‑10(1A) and (2)
Repeal the subsections, substitute:

 (2) However, if:
 (a) the supply of the car is *GST‑free to any extent under Subdivision 38‑P; or
 (b) the importation of the car is non‑taxable to any extent under paragraph 13‑10(b) because it would have been GST‑free to any extent under Subdivision 38‑P if it had been a supply;
you are not entitled to the input tax credit for the acquisition or importation.

 (3) If your acquisition or importation is *partly creditable, the input tax credit is reduced to the extent (expressed as a percentage) to which the acquisition or importation is made for a *creditable purpose.

 (4) This section does not apply in relation to:
 (a) the acquisition or importation of a *car that is not a *luxury car because of subsection 25‑1(2) of the A New Tax System (Luxury Car Tax) Act 1999; or

Note: Emergency vehicles, cars fitted to transport disabled people, non‑passenger commercial vehicles, motor homes and campervans are not luxury cars under that subsection.
 (b) the acquisition of a car by lease or hire.

 (5) This section has effect despite sections 11‑25 and 15‑20 (which are about the amount of input tax credits on creditable acquisitions and creditable importations).