Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) If you are or were entitled to an input tax credit for the * creditable acquisition of a thing, an * adjustment does not arise under this Subdivision merely because you supply the thing as a gift to an * endorsed charity or * gift - deductible entity.
(3) Subsection (1) does not apply in relation to a thing that you supply to a * gift - deductible entity endorsed as a deductible gift recipient (within the meaning of the * ITAA 1997) under section 30 - 120 of the ITAA 1997, unless:
(a) the entity is:
(i) an * endorsed charity; or
(ii) a fund, authority or institution of a kind referred to in paragraph 30 - 125(1)(b) of the ITAA 1997; or
(b) each purpose to which the supply relates is a * gift - deductible purpose of the entity.
Note: This subsection excludes from this section supplies to certain
(but not all) gift - deductible entities that are only endorsed for the
operation of a fund, authority or institution. However, supplies can be
covered by this section if they relate to the principal purpose of the fund,
authority or institution.