Commonwealth Consolidated Acts

A NEW TAX SYSTEM (GOODS AND SERVICES TAX) ACT 1999 - SECT 156.10

  (1)   The input tax credit to which you are entitled for a * creditable acquisition that is made:

  (a)   for a period or on a progressive basis; and

  (b)   for * consideration that is to be provided on a progressive or periodic basis;

is attributable, in accordance with section   29 - 10, as if each progressive or periodic component of the acquisition were a separate acquisition.

  (2)   If the progressive or periodic components of such an acquisition are not readily identifiable, the components correspond to the proportion of the total * consideration for the acquisition that the separate amounts of consideration represent.