Commonwealth Consolidated Acts

A NEW TAX SYSTEM (GOODS AND SERVICES TAX) ACT 1999 - SECT 11.5

                   You make a creditable acquisition if:

                     (a)  you acquire anything solely or partly for a ^* creditable purpose; and

                     (b)  the supply of the thing to you is a ^* taxable supply; and

                     (c)  you provide, or are liable to provide, ^* consideration for the supply; and

                     (d)  you are ^* registered, or ^* required to be registered.