Delia incurs the following expenditure during the 2019 income year: Delia incurs a $300 speeding fine travelling from home to a clients place of work for an early morning meeting. Delia did not have this meeting on a regular basis. Delia has a daughter Chloe. She pays a carer to look after Chloe whilst she is working. She incurs $5,000 in fees paid to the carer. She pays $2,500 for art materials (including the surfboards) before she moved into the space at Punt Boards. She pays $8,000 for art materials (including surfboards) from the time she moved into the space at Punt Boards. She pays $7,500 in rent to Punt Boards for the shop space. She employs a student to work at the Punt Boards shop and pays him $3,600. On 1 March 2019, she buys an industrial quality surfboard laminating machine to use in making her surfboard art at a cost of $20,000. The Commissioner states that the machine should last 10 years. Delia decides that she needs to improve her art skills. She enrols in Fine Art degree at the University of Kempsey. She enrols in 4 units (costing $2,500 each) in Semester 1 2019 and pays the fees in February 2019. Delia wants to help her sister, Philly, buy a home. Philly cant get a loan from the bank. Delia borrows $500,000 from Big Bank at 8% interest. Delia lends the money to Philly and receives payments equivalent to 3% interest from Philly ($15,000).

using legislative and case law explain to Delia where any input tax credits are available for GST purposes in respect of the transactions relating to the surfboard activity and how the input tax credit is calculated. Assume all entities are registered for GST. All amounts are GST-inclusive (where applicable).