Document ID: chunk:federal_register_of_legislation:C2025C00126:section:7:p61
Version: federal_register_of_legislation:C2025C00126
Segment Type: section
Provision Reference: s 7 (pt 61/63)
Character Range: 393656–396314

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 non‑deductible expense to the extent that it is not deductible under Division 8 of the *ITAA 1997 because of one of the following:
 (a) section 51AEA of the *ITAA 1936 (Meal entertainment—election to use the 50/50 split method);
 (b) section 51AEB of the ITAA 1936 (Meal entertainment—election to use the 12 week register method);
 (c) section 51AEC of the ITAA 1936 (Entertainment facility—election to use the 50/50 split method).
 (4) If the entity making the acquisition or importation is an *exempt entity, the acquisition or importation is a non‑deductible expense if it would have been a non‑deductible expense under subsection (3) or (3A) had the entity not been an exempt entity.
 (5) This section has effect despite sections 11‑5 and 15‑5 (which are about what is a creditable acquisition and what is a creditable importation).

69‑10  Amounts of input tax credits for creditable acquisitions or creditable importations of certain cars
 (1) If:
 (a) you are entitled to an input tax credit for a *creditable acquisition or *creditable importation of a *car; and
 (b) you are not, for the purposes of the A New Tax System (Luxury Car Tax) Act 1999, entitled to quote an *ABN in relation to the supply to which the creditable acquisition relates, or in relation to the importation, as the case requires; and
 (c) the *GST inclusive market value of the car exceeds the *car limit for the *financial year in which you first used the car for any purpose;
the amount of the input tax credit on the acquisition or importation is the amount of GST payable on the supply or importation of the car up to 1/11 of that limit.
 (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)