TAXATION - goods and services tax - input tax credits - creditable acquisitions - creditable purpose - whether life insurer is entitled to input tax credits under the A New Tax System (Goods and Services Tax) Act 1999 (Cth) for certain acquisitions, being commissions paid to licensed distributors of life insurance policies and "overhead" expenses - where life insurer made GST-free supplies of reinsurance - whether commissions and overheads are credible acquisitions as relating not only to input taxed supplies - fair and reasonable method of calculating extent of creditable purpose
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