Document ID: chunk:federal_register_of_legislation:C2025C00126:clause:3_16:p28
Version: federal_register_of_legislation:C2025C00126
Segment Type: clause
Provision Reference: sch 3 cl 16 (pt 28/58)
Character Range: 708860–711588

relating to partly taxable supplies
  If you have an *adjustment under section 21‑5, 21‑10, 136‑30 or 136‑35 in relation to a supply that was partly a *taxable supply, the amount of that adjustment is reduced to the following amount:

where:
full adjustment is what would be the amount of the adjustment worked out under section 21‑5, 21‑10, 136‑30 or 136‑35 if this section did not apply.
taxable proportion is the proportion of the *value of the supply (worked out as if it were solely a taxable supply) that the taxable supply represents.
Example: If the amount of an adjustment under section 21‑5 would be $100 but the supply was only 80% taxable, the amount of the adjustment is $80.

136‑10  Adjustments in relation to partly creditable acquisitions
 (1) If you have an *adjustment under section 21‑15, 21‑20, 136‑40 or 136‑45 in relation to a *creditable acquisition that was *partly creditable, the amount of that adjustment is reduced to the following amount:

where:
extent of consideration is the extent to which you provide, or are liable to provide, the *consideration for the acquisition, expressed as a percentage of the total consideration for the acquisition.
extent of creditable purpose is the extent of *creditable purpose last used to work out:
 (a) the amount of the input tax credit for the acquisition; or
 (b) the amount of any *adjustment under Division 129 in relation to the acquisition;
expressed as a percentage of the total purpose of the acquisition.
full adjustment is what would be the amount of the adjustment worked out under section 21‑15, 21‑20, 136‑40 or 136‑45 if this section did not apply.
 (2) If you have an *adjustment under section 21‑15, 21‑20, 136‑40 or 136‑45 in relation to a *creditable acquisition that was a *reduced credit acquisition and that was not *partly creditable (that is, it is wholly for a *creditable purpose because of Division 70), the amount of that adjustment is reduced to the following amount:

where:
extent of consideration is the extent to which you provide, or are liable to provide, the *consideration for the acquisition, expressed as a percentage of the total consideration for the acquisition.
percentage credit reduction is the reduced input tax credit percentage prescribed for the purposes of subsection 70‑5(2) for an acquisition of that kind.
full adjustment is what would be the amount of the adjustment worked out under section 21‑15, 21‑20, 136‑40 or 136‑45 if this section did not apply.
 (3) However, this section does not apply to an *adjustment that you have in relation to a *creditable acquisition if:
 (a) the amount of the input tax credit for the acquisition is worked out under Division 131; and
 (b) the adjustment is attributable