Commonwealth Consolidated Acts

A NEW TAX SYSTEM (GOODS AND SERVICES TAX) ACT 1999 - SECT 51.35

  (1)   If the * joint venture operator of a * GST joint venture makes a * creditable acquisition or * creditable importation, on behalf of another entity that is a * participant in the joint venture, in the course of activities for which the joint venture was entered into:

  (a)   the * joint venture operator is entitled to the input tax credit for the acquisition or importation; and

  (b)   the participant is not entitled to the input tax credit on the acquisition or importation.

  (2)   This section has effect despite sections   11 - 20 and 15 - 15 (which are about who is entitled to input tax credits).