Your entitlements to input tax credits for creditable acquisitions cease unless you include them in your net amounts within 4 years.

However, this time limit might not apply to any such entitlements relating to amounts that the Commissioner has notified to you, that arise as a result of fraud or evasion, or that you have notified to the Commissioner.

Note:          These amounts are dealt with in sections 105-50 and 105- 55 in Schedule 1 to the Taxation Administration Act 1953 .