Document ID: chunk:federal_register_of_legislation:C2010C00685:clause:2_56a
Version: federal_register_of_legislation:C2010C00685
Segment Type: clause
Provision Reference: sch 2 cl 56A
Character Range: 33435–34392

56A  No credits for certain dealings with Part 7A goods

 (1) A claimant is not entitled to a credit in respect of a dealing with Part 7A goods if the Commissioner believes that:
 (a) tax has not been paid, and is unlikely to be paid, in respect of the dealing; and
 (b) the taxpayer who is liable to pay that tax does not intend to pay the tax; and
 (c) the claimant is aware, or could reasonably be expected to be aware, that the tax has not been paid and is unlikely to be paid.

 (2) A claimant is not entitled to a CR26 credit in respect of a dealing with Part 7A goods if the Commissioner believes that:
 (a) the amount withheld under section 91X has not been paid, and is unlikely to be paid, in respect of the dealing; and
 (b) the taxpayer who is liable to pay that amount does not intend to pay the amount; and
 (c) the claimant is aware, or could reasonably be expected to be aware, that the amount has not been paid and is unlikely to be paid.