Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) If a branch of an entity becomes a * non - profit sub - entity, any * adjustment arising afterwards in relation to a supply, acquisition or importation, made by the entity through the branch before it became a non - profit sub - entity:
(a) is taken to be an adjustment that the non - profit sub - entity has, as if the non - profit sub - entity had made the supply, acquisition or importation; and
(b) is not taken to be an adjustment that the entity has.
(2) For the purpose of applying subsection (1) to an adjustment under Division 129 relating to a thing acquired or imported before the branch became a * non - profit sub - entity, that Division applies as if:
(a) the extent to which the acquisition or importation of the thing was for a * creditable purpose were the extent to which the non - profit sub - entity acquired or imported it for a creditable purpose; and
(b) the extent to which the thing has been * applied for a creditable purpose since its acquisition or importation were the extent to which the non - profit sub - entity applied it for a creditable purpose.