Commonwealth Consolidated Acts

A NEW TAX SYSTEM (GOODS AND SERVICES TAX) ACT 1999 - SECT 75.20

  (1)   An acquisition of a freehold interest in land, a * stratum unit or a * long - term lease is not a * creditable acquisition if the supply of the interest, unit or lease was a * taxable supply under the * margin scheme.

  (2)   This section has effect despite section   11 - 5 (which is about what is a creditable acquisition).