Document ID: chunk:federal_register_of_legislation:C2025C00126:section:7:p51
Version: federal_register_of_legislation:C2025C00126
Segment Type: section
Provision Reference: s 7 (pt 51/63)
Character Range: 368712–371424

or a part of an enterprise, that the company will *carry on outside the indirect tax zone.
 (4) This section has effect despite sections 11‑15 and 15‑10 (which are about creditable purpose).

60‑25  Attributing the input tax credit for pre‑establishment acquisitions
 (1) The input tax credit to which a *company is entitled under this Division for an acquisition that you made is attributable to the tax period (applying to the company) in which you were fully reimbursed by the company for the *consideration you paid for the acquisition.
 (2) However, if the company does not hold a copy of a *tax invoice that you (or your agent) hold for the acquisition when the company gives to the Commissioner a *GST return for the tax period to which the input tax credit for the acquisition would otherwise be attributable, then:
 (a) the input tax credit (including any part of the input tax credit) is not attributable to that tax period; and
 (b) the input tax credit (or the part of the input tax credit) is attributable to the first tax period for which the company gives to the Commissioner a GST return at a time when it holds a copy of that tax invoice.
However, this subsection does not apply in circumstances of a kind determined in writing by the Commissioner, under subsection 29‑10(3), to be circumstances in which the requirement for a tax invoice does not apply.
For the giving of GST returns to the Commissioner, see Division 31.
 (3) This section has effect despite section 29‑10 (which is about attributing input tax credits for acquisitions).

60‑30  Attributing the input tax credit for pre‑establishment importations
 (1) The input tax credit to which a *company is entitled under this Division for an importation that you made is attributable to the tax period (applying to the company) in which you were fully reimbursed by the company:
 (a) for the *assessed GST paid on the importation; and
 (b) for the cost of acquiring or producing the thing imported.
 (2) This section has effect despite section 29‑15 (which is about attributing input tax credits for importations).

60‑35  Application of Division 129
  If a *company is entitled under this Division to an input tax credit for an acquisition or importation, the acquisition or importation is treated, for the purposes of Division 129 (which is about changes in the extent of creditable purpose), as if the company had made it.

Division 63—Non‑profit sub‑entities

63‑1  What this Division is about
      Some kinds of non‑profit entities may choose to have some (or all) of their separately identifiable branches treated as separate entities for GST purposes.
Note: The parent entities then cease to be responsible, for GST purposes, for