Document ID: chunk:federal_register_of_legislation:C2025C00126:section:10:p2
Version: federal_register_of_legislation:C2025C00126
Segment Type: section
Provision Reference: s 10 (pt 2/3)
Character Range: 83207–85886

as relating to making supplies that would be *input taxed to the extent that the supply is made through an *enterprise, or a part of an enterprise, that you *carry on outside the indirect tax zone.
 (4) An acquisition is not treated, for the purposes of paragraph (2)(a), as relating to making supplies that would be *input taxed if:
 (a) the only reason it would (apart from this subsection) be so treated is because it relates to making *financial supplies; and
 (b) you do not *exceed the financial acquisitions threshold.
 (5) An acquisition is not treated, for the purposes of paragraph (2)(a), as relating to making supplies that would be *input taxed to the extent that:
 (a) the acquisition relates to making a *financial supply consisting of a borrowing (other than through a *deposit account you make available); and
 (b) the borrowing relates to you making supplies that are not input taxed.

11‑20  Who is entitled to input tax credits for creditable acquisitions?
  You are entitled to the input tax credit for any *creditable acquisition that you make.

11‑25  How much are the input tax credits for creditable acquisitions?
  The amount of the input tax credit for a *creditable acquisition is an amount equal to the GST payable on the supply of the thing acquired. However, the amount of the input tax credit is reduced if the acquisition is only *partly creditable.
Note: The basic rule for working out the GST payable on the supply is in Subdivision 9‑C. However, the GST payable may be affected by other provisions in:
(a) this Act (for a list of provisions, see section 9‑99); and
(b) other GST laws (for example, see subsection 357‑60(3) in Schedule 1 to the Taxation Administration Act 1953 (about the effect of rulings made under Part 5‑5 in that Schedule)).

11‑30  Acquisitions that are partly creditable
 (1) An acquisition that you make is partly creditable if it is a *creditable acquisition to which one or both of the following apply:
 (a) you make the acquisition only partly for a *creditable purpose;
 (b) you provide, or are liable to provide, only part of the *consideration for the acquisition.
 (3) The amount of the input tax credit on an acquisition that you make that is *partly creditable is as follows:

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 to which the *creditable acquisition is for a *creditable purpose, expressed as a percentage of the total purpose of the acquisition.
full input tax credit is what would have been the