Commonwealth Consolidated Acts

A NEW TAX SYSTEM (GOODS AND SERVICES TAX) ACT 1999 - SECT 90.25

  (1)   An * amalgamated company is entitled to the input tax credit for a * creditable acquisition if:

  (a)   apart from the * amalgamation, any of the * amalgamating companies would have been entitled to the input tax credit; and

  (b)   the input tax credit was not attributable, before the amalgamation, to a tax period applying to the amalgamating company.

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