A New Tax System (Goods and Services Tax) Act 1999
15‑25 Importations that are partly credi15‑25 Importations that are partly creditable
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15‑25 Importations that are partly creditable
(1) An importation that you make is partly creditable if it is a *creditable importation that you make only partly for a *creditable purpose. (3) The amount of the input tax credit on an importation that you make that is *partly creditable is as follows:
Start formula Full input tax credit times Extent of creditable purpose end formula
where:
extent of creditable purpose is the extent to which the importation is for a *creditable purpose, expressed as a percentage of the total purpose of the importation.
full input tax credit is what would have been the amount of the input tax credit for the importation if it had been made solely for a creditable purpose.
(4) The Commissioner may determine, in writing, one or more ways in which to work out, for the purpose of subsection (3), the extent to which an importation is for a *creditable purpose.