Commonwealth Consolidated Acts

A NEW TAX SYSTEM (GOODS AND SERVICES TAX) ACT 1999 - SECT 158.5

  (1)   This section applies if you * account on a cash basis.

  (2)   This Act and the regulations apply in relation to:

  (a)   an acquisition you make under a * hire purchase agreement; or

  (b)   an input tax credit to which you are entitled, or an * adjustment you have, under subsection   58 - 10(1) for an acquisition made under a hire purchase agreement;

as if you do not * account on a cash basis.