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A New Tax System (Goods and Services Tax) Act 1999
60‑35 Application of Division 12960‑35 Application of Division 129
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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.