Commonwealth Consolidated Acts
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A NEW TAX SYSTEM (GOODS AND SERVICES TAX) ACT 1999 - SECT 75.20
Supplies under a margin scheme do not give rise to creditable acquisitions
(1) An acquisition of a freehold interest in land, a
* stratum unit or a * long-term lease is not a * creditable acquisition if the
supply of the interest, unit or lease was a *
taxable supply under the
* margin scheme.
(2) This section has effect despite section 11-5 (which is about
what is a creditable acquisition).
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