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A NEW TAX SYSTEM (GOODS AND SERVICES TAX) ACT 1999 - SECT 90.15

Acquisitions not creditable--amalgamated company registered or required to be registered

  (1)   An acquisition made by an * amalgamated company from an * amalgamating company in the course of * amalgamation is not a * creditable acquisition if, immediately after the amalgamation, the amalgamated company is * registered or * required to be registered.

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



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