Commonwealth Consolidated Acts

A NEW TAX SYSTEM (GOODS AND SERVICES TAX) ACT 1999 - SECT 49.50

             (1)  Despite sections 49- 35, 49-40 and 49- 45, a * GST religious group is treated as a single entity, and not as a number of entities corresponding to the * members of the GST religious group, for the purposes of working out:

                     (a)  whether acquisitions or importations by a member are for a * creditable purpose; and

                     (b)  the amounts of any input tax credits to which the member is entitled; and

                     (c)  whether the member has any * adjustments; and

                     (d)  the amounts of any such adjustments.

             (2)  This section has effect despite section 11- 25 (which is about the amount of input tax credits) and section 17-10 (which is about the effect of adjustments on net amounts).