{"id":"F2015L01575","name":"A New Tax System (Goods and Services Tax) Act 1999 Rules for Applying Subdivision 66-B Determination (No.31) 2015","slug":"a-new-tax-system-goods-and-services-tax-act-1999-rules-for-applying-subdivision-66-b-determination-n","collection":"legislative_instrument","jurisdiction":"commonwealth","status":"repealed","isInForce":false,"actNumber":null,"makingDate":null,"administeringDepartment":null,"currentVersion":{"id":173120,"registerId":"commonwealth-F2015L01575-current","compilationNumber":null,"startDate":"2026-04-05","status":"Repealed","reasons":null,"registeredAt":null},"sections":[{"sectionNumber":"Acquisitions of second-hand goods to whi","sectionType":"section","heading":"Acquisitions of second-hand goods to which Subdivision 66-B applies under this determination","content":"##### Acquisitions of second-hand goods to which Subdivision 66-B applies under this determination\n\n10. Subdivision 66-B will apply to acquisitions of second-hand goods of a kind specified in Clause 6, other than those acquisitions excluded from this determination by Clause 5, to the extent that the entity chooses that the acquisitions will be covered by Subdivision 66-B, providing:\n\n(g) the input tax credit attributable to the acquisition is added to the entity’s total Subdivision 66-B credit amount; and\n\n(h) the GST payable on the subsequent supply of the goods is calculated in accordance with sections 66-45 and 66-50 of the Act.\n\nDefinitions\n\n11. The following expression is defined for the purposes of this determination:\n\nThe Act means the A New Tax System (Goods and Services Tax) Act 1999.\n\nOther expressions in this determination have the same meaning as in the Act.","sortOrder":0}],"analysis":{"kimi_summary":{"_metrics":{"model":"kimi-k2.5","source":"moonshot-batch","completionTokens":1431},"content_quality":"ok","complexity_score":4,"scope_assessment":{"changed":false,"description":"This is a standard legislative instrument exercising the specific power under the GST Act to determine which second-hand goods acquisitions fall under Subdivision 66-B. It remains within the original legislative intent of providing targeted GST relief for the second-hand goods market."},"complexity_factors":["Requires knowledge of external clauses (5 and 6) not contained in this excerpt to determine scope","Heavy cross-referencing to parent Act provisions (Subdivision 66-B, sections 66-45 and 66-50)","Conditional application requiring active election by the entity","Technical accounting mechanism requiring separate tracking of 'Subdivision 66-B credit amounts'","Nested definitions relying on parent Act interpretation"],"plain_english_summary":"This ruling lets businesses that buy used goods from private sellers claim GST credits even though no GST was charged, provided they opt in, total the credits separately, and apply a specified formula when reselling. \n\nIt mainly affects second‑hand dealers and used car yards and only covers goods listed in the determination, excluding certain acquisitions."}},"importantCases":[],"_links":{"self":"/api/acts/a-new-tax-system-goods-and-services-tax-act-1999-rules-for-applying-subdivision-66-b-determination-n","history":"/api/acts/a-new-tax-system-goods-and-services-tax-act-1999-rules-for-applying-subdivision-66-b-determination-n/history","analysis":"/api/acts/a-new-tax-system-goods-and-services-tax-act-1999-rules-for-applying-subdivision-66-b-determination-n/analysis","conflicts":"/api/acts/a-new-tax-system-goods-and-services-tax-act-1999-rules-for-applying-subdivision-66-b-determination-n/conflicts","importantCases":"/api/acts/a-new-tax-system-goods-and-services-tax-act-1999-rules-for-applying-subdivision-66-b-determination-n/important-cases","documents":"/api/acts/a-new-tax-system-goods-and-services-tax-act-1999-rules-for-applying-subdivision-66-b-determination-n/documents"}}