Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) You acquire a thing for a creditable purpose to the extent that you acquire it in * carrying on your * enterprise.
(2) However, you do not acquire the thing for a creditable purpose to the extent that:
(a) the acquisition relates to making supplies that would be * input taxed; or
(b) the acquisition is of a private or domestic nature.
(3) An acquisition is not treated, for the purposes of paragraph (2)(a), as relating to making supplies that would be * input taxed to the extent that the supply is made through an * enterprise, or a part of an enterprise, that you * carry on outside the indirect tax zone.
(4) An acquisition is not treated, for the purposes of paragraph (2)(a), as relating to making supplies that would be * input taxed if:
(a) the only reason it would (apart from this subsection) be so treated is because it relates to making * financial supplies; and
(b) you do not * exceed the financial acquisitions threshold.
(5) An acquisition is not treated, for the purposes of paragraph (2)(a), as relating to making supplies that would be * input taxed to the extent that:
(a) the acquisition relates to making a * financial supply consisting of a borrowing (other than through a * deposit account you make available); and
(b) the borrowing relates to you making supplies that are not input taxed.