Commonwealth Consolidated Acts

A NEW TAX SYSTEM (GOODS AND SERVICES TAX) ACT 1999 - SECT 51.35

             (1)  If the * joint venture operator of a * GST joint venture makes a * creditable acquisition or * creditable importation, on behalf of another entity that is a * participant in the joint venture, in the course of activities for which the joint venture was entered into:

                     (a)  the * joint venture operator is entitled to the input tax credit for the acquisition or importation; and

                     (b)  the participant is not entitled to the input tax credit on the acquisition or importation.

             (2)  This section has effect despite sections 11-20 and 15-15 (which are about who is entitled to input tax credits).