A NEW TAX SYSTEM (GOODS AND SERVICES TAX) ACT 1999 - SECT 156.20 Application of Division 129 to progressive or periodic acquisitions
A NEW TAX SYSTEM (GOODS AND SERVICES TAX) ACT 1999 - SECT 156.20
Application of Division 129 to progressive or periodic acquisitionsAn acquisition that is made:
(a) for a period or on a progressive basis; and
(b) for * consideration that is to be provided on a progressive or periodic basis;
is treated, for the purposes of Division 129 (which is about changes in
the extent of creditable purpose), as if each progressive or periodic
component of the acquisition were a separate acquisition.