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A New Tax System (Goods and Services Tax) Regulations 2019
70‑5.01 Objects of this Division70‑5.01 Objects of this Division
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#### 70‑5.01 Objects of this Division
The objects of this Division are:
(a) to specify the kind of acquisitions that relate to making financial supplies that can give rise to an entitlement to a reduced input tax credit; and
(b) to specify the percentage to which the input tax credit is reduced.