Commonwealth Consolidated Regulations

TAXATION ADMINISTRATION REGULATIONS 1976 - REG 21C

         (1)   For subsection 62C (1) of the Act, an acquisition, by an entity mentioned in regulation 21B, of the kind mentioned in subregulation (2) is specified.

         (2)   The acquisition must be:

                (a)    an acquisition that is permitted by the international agreement relevant to the entity; and

               (b)    an acquisition of:

                          (i)    a thing the supply of which is a taxable supply; or

                         (ii)    wine on which the entity has borne wine tax.