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Given that a superannuation fund will predominantly make financial supplies (ie. The provision of an interest in the superannuation scheme), is it entitled to reduced input tax credits (RITCs)?

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Given that a superannuation fund will predominantly make financial supplies (ie. The provision of an interest in the superannuation scheme), is it entitled to reduced input tax credits (RITCs)?

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Yes, it is entitled to RITCs to the extent that: • the acquisition relates to making financial supplies • the acquisition is listed as a reduced credit acquisition under Division 70 of the GST Regulations.

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