Document ID: chunk:federal_register_of_legislation:C2006C00496:clause:8_5
Version: federal_register_of_legislation:C2006C00496
Segment Type: clause
Provision Reference: sch 8 cl 5
Character Range: 63786–64257

5  At the end of section 78‑100
Add:

 (3) However, if the entity treated as the entity insured:
 (a) is liable to make payments referred to in paragraph (2)(c); and
 (b) has not made all those payments;
for the purposes of sections 78‑10 and 78‑15, the entity's entitlement to an input tax credit for the premium paid is taken to be what its entitlement would have been if it had made all those payments.

A New Tax System (Goods and Services Tax Transition) Act 1999