Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) An importation that solely or partly relates to making supplies that are * input taxed is not a * creditable importation if:
(a) the importation would (but for this section) be an importation of a kind referred to in paragraph 149A(2)(b) of the Fringe Benefits Tax Assessment Act 1986 ; and
(b) the importation specifically relates to the provision of a particular benefit (within the meaning of that Act) in respect of which * fringe benefits tax is or will be payable.
(2) However, this section does not apply to an importation if:
(a) the only reason it relates to making supplies that are * input taxed is because it relates to making * financial supplies; and
(b) you do not * exceed the financial acquisitions threshold.
(3) This section has effect despite section 15 - 5 (which is about what is a creditable importation).
Table of Subdivisions
72 - A Supplies without consideration
72 - B Acquisitions without consideration
72 - C Supplies for inadequate consideration
72 - D Application of this Division to certain sub - entities