Taxpayer Victory: Hannover Life Prevails in Landmark GST Case against ATO

Hannover Life (taxpayer) wins case against Commissioner of Taxation
Full Federal Court dismisses ATO’s appeal
Court upholds taxpayer’s right to claim input tax credits for overhead acquisitions related to input taxed and GST-free supplies
Rejects ATO’s argument against taxpayer’s apportionment methodology
Revenue-based apportionment deemed reasonable in commercial and contractual circumstances

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.