These Regulations are the A New Tax System (Goods and Services Tax) Regulations 1999.

These Regulations commence on the commencement of the A New Tax System (Goods and Services Tax) Act 1999.

(1) The dictionary at the end of these Regulations defines words and expressions for the purposes of the Regulations, and includes references to words and expressions that are defined in the Act or elsewhere in the Regulations (signpost definitions).

Example of signpost definition

The signpost definition ‘interest see regulation 40‑5.02’ means that the word interest is defined in regulation 40‑5.02.

(2) The dictionary does not include a signpost definition for a word or expression if the word or expression is not used in more than 1 regulation.

(3) The dictionary is part of these Regulations.

(4) A definition of, or reference to, a word or expression in the dictionary applies to each use of the word or expression in these Regulations, unless the contrary intention appears.

Part 2‑5 Registration

Division 23 Who is required to be registered and who may be registered

23‑15.01 Registration turnover threshold (other than for non‑profit bodies) (Act ss 23‑15 (1))

For paragraph 23‑15 (1) (b) of the Act, the amount of $75 000 is specified.

23‑15.02 Registration turnover threshold for non‑profit bodies (Act ss 23‑15 (2))

For paragraph 23‑15 (2) (b) of the Act, the amount of $150 000 is specified.

Part 2‑6 Tax periods

Division 29 What is attributable to tax periods

Subdivision 29‑C Tax invoices and adjustment notes

29‑80.01 Value of taxable supply (Act ss 29‑80 (1))

For subsection 29‑80 (1) of the Act, the amount of $75 is specified.

29‑80.02 Adjustment note threshold (Act ss 29‑80 (2))

For subsection 29-80 (2) of the Act, the amount of $75 is specified.

Part 2‑7 Returns, payments and refunds

Division 33 Payments of GST

33‑15.01 Purpose of Division

For paragraph 33‑15 (1) (b) of the Act, this Division provides for the deferral of payments of amounts of GST on taxable importations.

33‑15.02 Application for approval

(1) An entity may apply to the Commissioner for approval to make deferred payments of GST on taxable importations.

(2) The application must:

(a) be made in a manner approved by the Commissioner; and

(b) contain the information required by the Commissioner.

33‑15.03 Requirements for approval

(1) The Commissioner must, in writing, approve an application by an entity if the Commissioner is satisfied of the following matters:

(a) the entity is registered under Part 2‑5 of the Act;

(b) the entity has an ABN;

(d) the tax period applying to the entity is each individual month;

(e) if the entity is a member (but not the representative member) of a GST group, the representative member of the group is an approved entity;

(f) the bank guarantee (if any) required under regulation 33‑15.04 has been provided;

(g) the entity will be able to comply with the requirements in subregulation 33‑15.06 (1);

(h) it would not be appropriate to refuse the application under subregulation (2), (3) or (4).

(2) The Commissioner may refuse the application if the entity is an externally‑administered body corporate.

(3) The Commissioner may refuse the application if, in the period of 3 years before the date of the application:

(a) the entity; or

(b) if the entity is not an individual, an individual who is relevant to the entity’s application;

has been convicted by a court, whether in Australia or in another country, of an offence in relation to taxation requirements, customs requirements, the misdescription of goods, trade practices, fair trading or the defrauding of a government.

Note This subregulation is subject to Part VIIC of the Crimes Act 1914, which includes provisions that, in certain circumstances, relieve persons from the requirement to disclose spent convictions and require persons aware of spent convictions to disregard them.

(4) The Commissioner may refuse the application if the entity, or any of its related entities (if any), has:

(a) an outstanding tax‑related liability; or

(b) a return outstanding under a taxation law.

(5) In subregulation (4):

related entity means:

(a) for an entity that is a member of a GST group — any other member of the GST group; or

(b) for an entity that is a joint venture operator for a GST joint venture — any other company that is a participant in the GST joint venture; or

(d) for an entity that is a GST branch of a parent entity — the parent entity or any other GST branch of the parent entity.

33‑15.04 Bank guarantee requirement

(1) If:

(a) an entity applies for approval; and

(b) a previous approval of the entity has been revoked under regulation 33‑15.08;

the Commissioner may require the entity to provide a bank guarantee in relation to the payment of deferred payments of GST on taxable importations.

(2) The guarantee must provide that, if an amount of GST on taxable importations is not paid to the Commissioner on or before the day mentioned in regulation 33‑15.07, the bank will pay to the Commissioner the lesser of:

(a) the overdue amount; and

(b) the guarantee amount worked out under subregulation (3).

(3) The guarantee amount is 1.5 times the highest monthly amount of GST on taxable importations that was payable by the entity:

(a) in the 12 months before the application mentioned in paragraph (1) (a) was made; or

(b) if no monthly amounts of GST on taxable importations were payable in that 12 months, in the 12 months before the previous approval was revoked.

33‑15.05 Decision on application — notice and date of effect

(1) If the Commissioner approves an entity’s application, the Commissioner must give to the entity written notice of the approval.

(2) The approval takes effect on the day specified in the approval.

(3) If the Commissioner refuses an entity’s application, the Commissioner must give to the entity written notice of the refusal.

(4) The notice must:

(a) state the reasons for the refusal; and

(b) state that the entity has a right under regulation 33‑15.09 to object against the decision.

33‑15.06 Approved entities to deal electronically with Customs and the Commissioner

(1) An approved entity must:

(a) enter goods for home consumption by computer (within the meaning of the Customs Act 1901); and

(b) lodge its GST returns electronically in a format approved by the Commissioner for this regulation; and

(2) However, paragraphs (1) (b) and (c) do not apply to an approved entity that is a member (but not the representative member) of a GST group.

33‑15.07 Due date for deferred payments

An amount of GST on taxable importations that is payable by an approved entity must be paid to the Commissioner on or before the 21st day after the end of the month in which the liability for the GST arose.

33‑15.08 Revocation of approval

(1) The Commissioner may, in writing, revoke an entity’s approval if the Commissioner is satisfied that:

(a) the entity no longer meets the requirements for approval in regulation 33‑15.03; or

(b) the bank guarantee (if any) provided by the entity under regulation 33‑15.04 has lapsed; or

(d) the entity is liable to pay a charge or penalty mentioned in Part IIA of the Taxation Administration Act 1953; or

(e) the entity is being prosecuted for, or has been convicted of, an offence under Part III of the Taxation Administration Act 1953.

(2) The revocation takes effect on the day specified in the revocation.

(3) If the Commissioner revokes an entity’s approval, the Commissioner must give to the entity written notice of the revocation.

(4) The notice must:

(a) state the reasons for the revocation; and

(b) state that the entity has a right under regulation 33‑15.09 to object against the decision.

33‑15.09 Review of decisions

An entity that is dissatisfied with a decision of the Commissioner to refuse an application by the entity under regulation 33‑15.03, to require the entity to provide a bank guarantee under regulation 33‑15.04, or to revoke an approval of the entity under regulation 33‑15.08, may object against the decision in the manner set out in Part IVC of the Taxation Administration Act 1953.

Part 3‑1 Supplies that are not taxable supplies

Division 38 GST‑free supplies

Subdivision 38‑A Food

38‑3.01 GST‑free beverages supplied from vending machines (Act s 38‑3)

(1) For subsection 38‑3 (2) of the Act, this regulation applies to a beverage that:

(a) is specified in the third column of the table in clause 1 of Schedule 2 to the Act; and

(b) apart from subregulation (2), would not be GST‑free; and

(2) Section 38‑3 of the Act, except subsection (3), does not apply to a supply of the beverage.

38‑3.02 Food additives (Act s 38‑3)

(1) For paragraph 38‑3 (1) (e) of the Act, food additives other than exempt food additives are specified.

(2) Each of the following is an exempt food additive:

(a) a food additive which, at the time of supply is packaged and marketed for retail sale;

(b) a food additive which, at the time of supply:

(i) has a measurable nutritional value; and

(ii) is supplied for use solely or predominantly in the composition of food; and

(iii) is essential to the composition of that food.

Subdivision 38‑B Health

38‑45.01 Medical aids and appliances (Act s 38‑45)

(1) For paragraph 38‑45 (1) (a) of the Act, the medical aids and appliances mentioned in Schedule 3 are specified.

(2) Division 182 of the Act applies to the second column in Schedule 3 as if that column were the second column of the table in Schedule 3 to the Act.

Subdivision 38‑E Exports and other supplies for consumption outside Australia

38‑185.01 Export of goods by travellers as accompanied baggage (Act s 38‑185)

For item 7 of subsection 38‑185 (1) of the Act, the rules set out in Schedule 5 are specified in relation to the supply of goods to a relevant traveller.

Division 40 Input taxed supplies

Subdivision 40‑A Financial supplies

40‑5.01 Object of Subdivision 40‑A

The object of this Subdivision is to identify a supply that is or is not a financial supply.

Note 1 For the meaning of supply, see subsection 9‑10 (2) of the Act.

Note 2 Subsection 40‑5 (2) of the Act provides that financial supply has the meaning given by the regulations.

40‑5.02 Interests

An interest is anything that is recognised at law or in equity as property in any form.

Examples of interests

1 A debt or a right to credit

2 An interest conferred under a public or private superannuation scheme

3 A mortgage over land or premises

4 A right under a contract of insurance or a guarantee

5 A right to receive a payment under a derivative

6 A right to future property

40‑5.03 Provision

Provision of an interest includes allotment, creation, grant and issue of the interest.

40‑5.04 Disposal

Disposal of an interest includes assignment, cancellation, redemption, transfer and surrender of the interest.

40‑5.05 Acquisition

Acquisition, in relation to the provision or disposal of an interest, includes acceptance and receipt of the interest.

40‑5.06 Financial supply providers

(1) An entity, in relation to the supply of an interest that was:

(a) immediately before the supply, the property of the entity; or

(b) created by the entity in making the supply;

is the financial supply provider of the interest.

Examples of interests to which paragraph (a) applies

1 A share or bond that is sold

2 Rights assigned under a derivative

Examples of interests to which paragraph (b) applies

1 A share or bond that is issued

2 A derivative that is entered into

(2) The entity that acquires that interest is also the financial supply provider of the interest.

40‑5.07 Financial supply facilitators

A financial supply facilitator, in relation to supply of an interest, is an entity facilitating the supply of the interest for a financial supply provider.

40‑5.08 When supply may be financial supply (Act s 40‑5)

(1) For subsection 40‑5 (2) of the Act, a supply is a financial supply if the supply is mentioned as:

(a) a financial supply in regulation 40‑5.09; or

(b) an incidental financial supply in regulation 40‑5.10.

(2) However, if a supply is mentioned in regulations 40‑5.09 and 40‑5.12, the supply is not a financial supply.

40‑5.09 What supplies are financial supplies

(1) The provision, acquisition or disposal of an interest mentioned in subregulation (3) or (4) is a financial supply if:

(a) the provision, acquisition or disposal is:

(i) for consideration; and

(ii) in the course or furtherance of an enterprise; and

(iii) connected with Australia; and

(b) the supplier is:

(i) registered or required to be registered; and

(ii) a financial supply provider in relation to supply of the interest.

(2) However, if Division 84 of the Act applies to the provision, acquisition or disposal of an interest mentioned in subregulation (3), the provision, acquisition or disposal is a financial supply to the extent that it would, apart from subparagraphs (1) (a) (iii) and (b) (i), be a financial supply.

(3) For subregulation (1), the interest is an interest in or under the matter mentioned in an item in the following table:

Item	An interest in or under…
1	An account made available by an Australian ADI (authorised deposit‑taking institution) in the course of:
	(a) its banking business within the meaning of the Banking Act 1959; or
	(b) its State banking business
2	A debt, credit arrangement or right to credit, including a letter of credit
3	A charge or mortgage over real or personal property
4	A regulated superannuation fund, an approved deposit fund, a pooled superannuation trust or a public sector superannuation scheme within the meaning of the Superannuation Industry (Supervision) Act 1993, or an RSA (retirement savings account) within the meaning of the Retirement Savings Accounts Act 1997
5	An annuity or allocated pension
6	Life insurance business to which subsection 9 (1) of the Life Insurance Act 1995, or a declaration under subsection 12 (2) or section 12A of that Act, applies, or related reinsurance business
7	A guarantee, including an indemnity (except a warranty for goods or a contract of insurance or reinsurance)
8	Credit under a hire purchase agreement in relation to goods, if:
	(a) the credit for the goods is provided for a separate charge; and
	(b) the charge is disclosed to the recipient of the goods
9	Australian currency, the currency of a foreign country, or an agreement to buy or sell currency of either kind
10	Securities, including: (a) a debenture described in paragraph (a), (b), (c), (e) or (f) of the definition of debenture in section 9 of the Corporations Act 2001; and (b) a document issued by an individual that would be a debenture if it were issued by a body corporate; and
	(c) a scheme described in paragraph (e), (i) or (m) of the definition of managed investment scheme in section 9 of the Corporations Act 2001; and (d) the capital of a partnership or trust
11	A derivative

Note 1 Regulation 40‑5.08 provides that this regulation applies subject to regulation 40‑5.12. As a result, if something is within the scope of both an item in this table and an item in the table in regulation 40‑16, it will not be a financial supply.

Note 2 Subparagraph 40‑5.09 (1) (b) (ii) has the effect that a supply by a financial supply facilitator is not a financial supply.

Note 3 Division 99 of the Act applies to taking of a deposit as security.

Note 4 Supply of something that is mentioned in more than 1 item in this table will still be a financial supply.

(4) A supply (to which item 1 in the table in subregulation (3) does not apply) by an Australian ADI for a fee of not more than $1 000 is a financial supply if:

(a) the item would have applied to that supply in relation to an account with the ADI; or

(b) the fee relates to an application to the ADI that, if accepted, would result in the creation of an account by the ADI.

Examples of financial supply mentioned in subregulation (4)

1 Electronic transfer to another Australian ADI for a person who does not hold an account with the ADI

2 A loan application fee

(4A) A supply by an entity for a fee of not more than $1 000 is a financial supply if it is a supply of 1 or more of the following ATM services:

(a) a withdrawal from an account;

(b) a deposit into an account;

(d) advice of the balance of an account.

(5) A reference in item 10, in the table in subregulation (3), to a security, a debenture, a document, a scheme or capital in a partnership or trust does not include a security, debenture, document, scheme or capital in a partnership or trust, in relation to which an entity is given a right to participate in a barter scheme under which each participant may obtain goods or services from another participant for consideration that is wholly or substantially in kind rather than in cash.

40‑5.10 Incidental financial supplies

Despite regulation 40‑5.12, if something is supplied by an entity to a recipient directly in connection with a financial supply to the recipient by the entity, the thing is an incidental financial supply if:

(a) it is incidental to the financial supply; and

(b) it and the financial supply are supplied, at or about the same time, but not for separate consideration; and

(c) it is the usual practice of the entity to supply the thing, or similar things, and the financial supply together in the ordinary course of the entity’s enterprise.

Note Regulation 40‑5.12 applies subject to this regulation. As a result, if something is both an incidental financial supply and within the scope of an item in the table in regulation 40‑5.12, it will still be a financial supply.

Example of an incidental financial supply

Advice, for which a separate charge is not made, in relation to a housing loan

40‑5.11 Examples of supplies that are financial supplies

Something mentioned in a Part of Schedule 7 that relates to a financial supply mentioned in an item in the table in regulation 40‑5.09, or to an incidental financial supply, is an example of the financial supply mentioned in the item or of the incidental financial supply.

Note 1 The examples are not to be taken as exhaustive.

Note 2 If an example in Schedule 7 is inconsistent with the description in this Division of the financial supply to which the example relates, the description prevails.

See section 15AD of the Acts Interpretation Act 1901.

Note 3 Something that is within the scope of an item in the table in regulation 40‑5.09 will be a financial supply described in that item even if it is not mentioned as an example of the item set out in the Part of Schedule 7 relating to the item.

40‑5.12 What supplies are not financial supplies (Act s 40‑5)

For subsection 40‑5 (2) of the Act, the supply of something, or an interest in or under something, that is mentioned in an item in the following table is not a financial supply:

Item	Supply of, or an interest in or under…
1	Cheque and deposit forms and books supplied to an Australian ADI in connection with an account mentioned in item 1 in the table in regulation 40‑5.09
2	Special forms, or overprinting of standard forms, by an Australian ADI to the requirements of particular account holders in connection with an account mentioned in item 1 in the table in regulation 40‑5.09
3	Professional services, including information and advice, in relation to a financial supply
4	A payment system
5	Stored value facility cards and prepayments not linked to accounts provided by an Australian ADI in connection with an account mentioned in item 1 in the table in regulation 40‑5.09
6	Goods in accordance with agreements under which the goods are supplied under a lease, and:
	(a) the lessees have no obligation or option to acquire the rights of the lessors in the goods; or
	(b) the lessors dispose of their rights in the goods to the lessees
7	An option, right or obligation to make or receive a taxable supply, except a mortgage or charge mentioned in item 3 in the table in regulation 40‑5.09
8	A supply made as a result of the exercise of an option or right, or the performance of an obligation, to make or receive a taxable supply, including an option, right or obligation under a mortgage or charge mentioned in item 3 in the table in regulation 40‑5.09
9	Facilities for:
	(a) trading securities or derivatives; and
	(b) clearance and settlement of those trades
10	Insurance and reinsurance business, except business mentioned in item 6 of the table in regulation 40‑5.09
11	Broking services
12	Management of the assets or liabilities of another entity, including investment portfolio management and administration services for trusts or superannuation, pension or annuity funds
13	Debt collection services
14	Sales accounting services under a factoring arrangement, or an arrangement having the same effect as a factoring arrangement
15	Trustee services
16	Custodian services in relation to money, documents and other things
17	Australian currency, or the currency of a foreign country, the market value of which exceeds its stated value as legal tender, or an agreement to buy or sell currency of either kind the market value of which exceeds its stated value as legal tender
18	An arrangement for the provision of goods to an entity for display or demonstration pending disposal of the goods to a third party

Note 1 Regulation 40‑5.09 applies subject to this regulation. As a result, if something is within the scope of both an item in the table in regulation 40‑5.09 and an item in the table in this regulation, it will not be a financial supply.

Note 2 Regulation 40‑5.10 applies despite this regulation. As a result, if something is both an incidental financial supply and within the scope of an item in this table, it will still be a financial supply.

Note 3 Division 105 of the Act deals with supply in satisfaction of a debt.

Note 4 Sections 7‑1 and 9‑70 of the Act, and this regulation in respect of items 7 and 8 in this table, have the effect that GST is payable on the premium (if any) on a taxable deliverable commodity derivative and the price on settlement when the commodity is delivered.

40‑5.13 Examples of supplies that are not financial supplies

Something mentioned in a Part of Schedule 8 that relates to a supply mentioned in an item in the table in regulation 40‑5.12 is an example of the supply mentioned in the item.

Note 1 The examples are not to be taken as exhaustive.

Note 2 If an example is inconsistent with the description of the financial supply in the table to which the example relates, the description in the table prevails.

See section 15AD of the Acts Interpretation Act 1901.

Part 4‑1 Special rules mainly about particular ways entities are organised

Division 48 GST groups

Subdivision 48‑A Approval of GST groups

48‑10.01 Definitions for Subdivision

In this Subdivision:

family, in relation to a person, has the meaning given by section 272‑95 of Schedule 2F to the Income Tax Assessment Act 1936, as if the person were the test individual mentioned in that section.

fixed trust has the meaning given by section 995‑1 of the Income Tax Assessment Act 1997.

GST group includes a proposed GST group.

representative means:

(a) in relation to a partner in a partnership:

(i) for a partner that is not an individual — the partner; and

(ii) for a partner that is an individual — the partner or a family member of the partner; and

(b) in relation to a shareholder in a company:

(i) for a shareholder that is not an individual — the shareholder; and

(ii) for a shareholder that is an individual — the shareholder or a family member of the shareholder.

shareholder, of a company that is an unincorporated association, means a member of the association.

48‑10.01A Trust distribution and beneficiaries

For this Subdivision, if the trustee of a trust distributes income or capital of the trust in such a way that another entity receives the income or capital indirectly through 1 or more interposed trusts or companies:

(a) the trustee is taken also to distribute the income or capital to the other entity; and

(b) the other entity is taken also to be a beneficiary of the trust.

48‑10.02 Membership requirements for partnerships

(1) For subparagraph 48‑10 (1) (a) (ii) of the Act, this regulation sets out requirements that must be satisfied for a partnership to be a member of a GST group.

Note The partnership must also satisfy other membership requirements set out in section 48‑10 of the Act.

(2) If the GST group includes entities other than partnerships, the partnership must satisfy the requirements of subregulation (3), (3A), (4) or (5).

(2A) If the GST group consists only of partnerships:

(a) there are no further requirements for one of the partnerships; and

(b) each other partnership must satisfy the requirements of subregulation (5).

(3) The partnership satisfies the requirements of this subregulation if, for at least 1 company that is a member of the GST group:

(a) the partnership has at least a 90% stake in the company (worked out in accordance with section 190‑5 of the Act as if the partnership were a company); or

(b) shares of the company are held in such a way that:

(i) if there is 1 shareholder — the shareholder is a representative of a partner in the partnership; and

(ii) if there is more than 1 shareholder — at least 2 shareholders are representatives of different partners in the partnership.

(3A) The partnership satisfies the requirements of this subregulation if each partner in the partnership is:

(a) an individual who is a member of the GST group; or

(b) a family member of such an individual.

(4) The partnership satisfies the requirements of this subregulation if, for at least 1 trust that is a member of the GST group, the beneficiaries include at least 2 representatives of different partners in the partnership.

(5) The partnership (the candidate partnership) satisfies the requirements of this subregulation if:

(a) there is a partnership (the member partnership) that is a member of the GST group because of:

(i) paragraph (2A) (a) or subregulation (3), (3A) or (4); or

(ii) this subregulation, including the repeated application of this subregulation; and

(b) each partner in the candidate partnership is an individual, a family trust of an individual or a family company of an individual; and

(c) for each partner in the candidate partnership that is an individual, a family trust of an individual or a family company of an individual, one of the following is a partner in the member partnership:

(i) the individual;

(ii) a family trust of the individual;

(iii) a family company of the individual;

(iv) a family member of the individual;

(v) another individual for whom the first individual is a family member;

(vi) a family trust of a family member mentioned in subparagraph (iv) or the other individual mentioned in subparagraph (v);

(vii) a family company of a family member mentioned in subparagraph (iv) or the other individual mentioned in subparagraph (v); and

(d) at least 2 of the partners in the candidate partnership comply with paragraph (c) through different partners in the member partnership (whether or not they also comply through the same partner in the member partnership).

(6) For this regulation:

(a) a family trust of an individual is a trust that distributes income or capital of the trust only to the individual or family members of the individual (whether or not other distributions could lawfully be made); and

(b) a family company of an individual is a company each shareholder of which is either the individual or a family member of the individual.

48‑10.03 Membership requirements for trusts

(1) For subparagraph 48‑10 (1) (a) (ii) of the Act, the requirements that must be satisfied for a trust to be a member of a GST group are:

(a) if the GST group consists only of fixed trusts — either the requirements set out in this regulation or the alternative requirements set out in regulation 48‑10.03A; and

(b) in any other case — the requirements set out in this regulation.

Note The trust must also satisfy other membership requirements set out in section 48‑10 of the Act.

(2) One of the following must be satisfied for the trustee of the trust (the candidate trustee):

(a) the candidate trustee has at least a 90% stake in a company that is a member of the GST group (worked out in accordance with section 190‑5 of the Act as if the trustee were a company);

(b) the candidate trustee distributes any income or capital of the trust only to beneficiaries that are permitted beneficiaries (whether or not other distributions could lawfully be made);

(c) the candidate trustee is the sole beneficiary of any distribution of income or capital by the trustee of another trust that is a member of the GST group;

(d) the candidate trustee distributes income or capital of the trust, and the trustee of another trust that is a member of the GST group distributes income or capital of the other trust, only to persons who are all family members of the same individual (whether or not other distributions could lawfully be made).

Note Distributions to beneficiaries may be direct or indirect (regulation 48‑10.01A).

(3) Each of the following is a permitted beneficiary:

(a) a company that is a member of the GST group;

(b) a charitable institution, a trustee of a charitable fund, or a gift‑deductible entity;

(d) a family member of an individual who is a member of the GST group;

(e) a trustee of a trust that is a member of the GST group.

(4) For a company that is a member of the GST group, each representative of a shareholder of the company is also a permitted beneficiary if:

(a) for a company with 1 shareholder — the beneficiaries of the trust include a representative of the shareholder; and

(b) for a company with more than 1 shareholder — the beneficiaries of the trust include at least 2 beneficiaries who are representatives of different shareholders.

(5) For a partnership that is a member of the GST group, each representative of a partner in the partnership is also a permitted beneficiary if the beneficiaries of the trust include at least 2 beneficiaries who are representatives of different partners.

48‑10.03A Alternative membership requirements for groups of fixed trusts

(1) This regulation sets out the alternative requirements mentioned in paragraph 48‑10.03 (1) (a) for a trust to be a member of a GST group that consists only of fixed trusts.

Note The fixed trust must also satisfy other membership requirements set out in section 48‑10 of the Act.

(2) The fixed trust must be a member of the same 90% owned group as all other fixed trusts in that group.

(3) For this regulation:

(a) two fixed trusts are members of the same 90% owned group if:

(i) the trustee of one of the trusts has at least a 90% stake in the other trust; or

(ii) the trustee of a third trust has at least a 90% stake in each of the two trusts; and

(b) the trustee of a fixed trust (the head trust) has at least a 90% stake in another fixed trust (the sub‑trust) if the trustee:

(i) owns at least 90% of the issued units in the sub‑trust (whether directly or indirectly through 1 or more interposed trusts or companies); and

(ii) has the right to receive at least 90% of any distribution of capital or income of the sub‑trust.

48‑10.04 Membership requirements for individuals

(1) For subparagraph 48‑10 (1) (a) (ii) of the Act, this regulation sets out requirements that must be satisfied for an individual to be a member of a GST group.

Note The individual must also satisfy other membership requirements set out in section 48‑10 of the Act.

(2) The individual must satisfy the requirements of subregulation (3), (4) or (5).

(3) The individual satisfies the requirements of this subregulation if, for at least 1 company that is a member of the GST group:

(a) the individual has at least a 90% stake in the company (worked out in accordance with section 190‑5 of the Act as if the individual were a company); or

(b) each shareholder of the company is either the individual or a family member of the individual.

(4) The individual satisfies the requirements of this subregulation if, for at least 1 partnership that is a member of the GST group, the partners of the partnership are either or both of the individual and family members of the individual.

(5) The individual satisfies the requirements of this subregulation if, for at least 1 trust that is a member of the GST group:

(a) the beneficiaries of the trust include either or both of the individual and family members of the individual; and

(b) the trustee of the trust distributes income or capital of the trust only to permitted beneficiaries as described in regulation 48‑10.03.

Division 51 GST joint ventures

51‑5.01 Specified purposes for GST joint ventures (Act s 51‑5)

(1) for paragraph 51‑5 (1) (a) of the Act, each of the following is a purpose:

(a) research and development;

(b) the provision of insurance, other than life insurance;

(d) agriculture;

(e) cultivation, or exploitation, of timber;

(f) design, or building, or maintenance, of residential or commercial premises;

(g) civil engineering, including the design, construction and maintenance of roads, railways, bridges, canals, dams, ports, harbours, airports and similar installations;

(h) generation, or transmission, or distribution, of electricity;

(i) transmission, or distribution, of water;

(j) receipt, or storage, or distribution, of oil and gas products;

(k) refining, or processing, of oil and gas products;

(l) beneficiation of minerals and primary metal production, including alloy production;

(m) charitable activities;

(n) transportation.

(2) If a joint venture is a joint venture for more than 1 of the purposes specified in subregulation (1) or paragraph 51‑5 (1) (a) of the Act, the combination of those purposes is specified as a purpose.

Part 4‑2 Special rules mainly about supplies and acquisitions

Division 70 Financial supplies (reduced credit acquisitions)

70‑5.01 Objects of Division 70

The objects of this Division are:

(a) to specify the reduced credit acquisitions that relate to making financial supplies that give rise to an entitlement to reduced input tax credits; and

(b) to specify the percentage of the reduction of the input tax credits to which the financial supply provider is entitled.

70‑5.01A Definition

In this Division, an enterprise is closely related to another enterprise if any of the following conditions apply:

(a) both enterprises are carried on by the same entity;

(b) one enterprise is carried on by a 100% subsidiary of the entity that carries on the other enterprise;

70‑5.02 Acquisitions that attract reduced input tax credits: general (Act s 70‑5)

(1) For subsection 70‑5 (1) of the Act, an acquisition mentioned in subregulation (2) that relates to making financial supplies gives rise to an entitlement to a reduced input tax credit.

(2) The following acquisitions (within the meaning of subsection 70‑5 (1) of the Act) are reduced credit acquisitions:

Item	Reduced credit acquisition
	Transaction banking and cash management services
1	The service of opening, issuing, closing, operating, maintaining, or performing a transaction in respect of an account by a financial supply facilitator, including by using the following facilities:
	(a) telephone banking;
	(b) Internet banking;
	(c) GiroPost
2	Processing services in relation to account information for account providers, including:
	(a) archives storage, retrieval and destruction services; and
	(b) statement processing and bulk mailing; and
	(c) processing and manipulation of information relating to accounts, including information about transactions to which item 7 applies
3	Acquisition of transaction cards by card account providers
4	Acquisition of passbooks, deposit and withdrawal forms and cheques and chequebooks by account providers
5	Processing services in relation to account applications for account providers, including providing credit reference and credit scoring assessment
	Payment and fund transfers services
6	Supplies to which the following payment system fees relate:
	(a) fees charged by the operator of a payment system to a participant in the system;
	(b) fees charged by a participant in a payment system to a third party in relation to access to the system;
	(c) fees charged between participants in a payment system
7	Processing, settling, clearing and switching transactions of the following kinds:
	(a) direct credit and debit;
	(b) other credit and debit transactions;
	(c) charge, credit and debit card transactions;
	(d) cheque;
	(e) electronic funds transfer;
	(f) ATM;
	(g) B‑pay;
	(h) Internet banking;
	(i) GiroPost;
	(j) the SWIFT (Society for Worldwide Interbank Financial Telecommunications) Payment Delivery System
8	Services to a third party mentioned in paragraph 6 (b), including:
	(a) processing of account data; and
	(b) electronic payment services
	Securities transactions services
9	Arrangement, by a financial supply facilitator, of the provision, acquisition or disposal of an interest in a security, including the following:
	(a) order placement and trade execution;
	(b) clearance and settlement of trades;
	(c) management of the issue of securities, including rights and bonus issues;
	(d) arranging flotations and privatisations;
	(e) arranging mergers and acquisitions;
	(f) arranging takeover bids;
	(g) performing a settlement, including issue of drafts and encashment;
	(h) other securities transactions, including lodgment, withdrawal and exchange control;
	(i) underwriting, except a matter that is described in the table in regulation 40‑5.09
10	Securities and unit registry services to securities and unit issuers, including:
	(a) managing portfolios of assets; and
	(b) allotting of share issues; and
	(c) making dividend payments; and
	(d) receiving application for issue of shares; and
	(e) performing a redemption or capital repayment; and
	(f) placing scrip orders; and
	(g) bonus issue; and
	(h) scrip settlement; and
	(i) client account processing; and
	(j) transaction processing and recording; and
	(k) handling investor inquiries
	Loans services
11	The following supplies by a financial supply facilitator:
	(a) loan agency services;
	(b) provision of a loan facility;
	(c) mortgage broking;
	(d) arranging syndicated loans;
	(e) introducing and broking
12	Lenders mortgage and title insurance
13	Loan protection insurance
14	The following loan application, management and processing services:
	(a) loan origination and brokerage;
	(b) settlement and discharge of loans, including document preparation;
	(c) registration of loan documents;
	(d) credit reference assessment and credit scoring analysis;
	(e) valuations;
	(f) property title searches;
	(g) registration and certification of titles;
	(h) mortgage variations, including name changes;
	(i) adding and deleting caveats to titles
15	The following loan management services:
	(a) processing of repayments;
	(b) statement preparation;
	(c) filing and requisitioning of loan file records
	Credit union services
16	Supply to a credit union by:
	(a) an entity that is wholly owned by 2 or more credit unions; or
	(b) an entity that is wholly owned by an entity mentioned in paragraph (a)
	Debt collection services
17	The following debt collection services:
	(a) debt recovery;
	(b) litigation;
	(c) lodgment of documents;
	(d) by financial supply facilitator, managing the recovery of sums due by borrowers
	Asset based finance services
18	Arrangement by a financial supply facilitator of hire purchase to which item 8 in the table in regulation 40‑5.09 applies
	Trade finance services
19	Trade finance transaction processing and recording
20	Trade finance remittance services
	Capital markets and financial instruments services
21	Arrangement by a financial supply facilitator of:
	(a) the supply of a derivative or the currency of a foreign country, or an agreement to buy or sell the currency; or
	(b) the sale of a forward contract
22	Transaction processing, account maintenance and report generation services provided to suppliers of derivatives or the currency of a foreign country, or an agreement to buy or sell the currency
	Funds management services
23	The following investment portfolio management functions, including those functions for superannuation schemes:
	(a) management of a client’s asset portfolio;
	(b) management of an investment portfolio for a trust or superannuation fund;
	(c) acting as a trustee of a trust or superannuation fund;
	(d) acting as a single responsible entity;
	(e) asset allocation services
24	The following administrative functions in relation to investment funds, including those functions for superannuation schemes:
	(a) maintaining member and employer and trustee records and associated accounting;
	(b) processing of applications, contributions, benefits and distributions;
	(c) processing transfer between funds and trusts;
	(d) production and distribution of reports, statements and forms to members, employers and trustees;
	(e) handling of inquiries and complaints made by members;
	(f) archives storage, retrieval and destruction services;
	(g) statement processing and bulk mailing;
	(h) compliance with industry regulatory requirements, excluding taxation and auditing services
	Insurance services
25	Brokerage of general or life insurance
26	The following life insurance administration services provided for a life insurer:
	(a) maintaining policyholder records and associated accounting;
	(b) processing of premiums and benefits;
	(c) processing and assessing claims under policies;
	(d) production and distribution of reports, statements and forms to policyholders, including statement processing and bulk handling;
	(e) handling of inquiries and complaints made by policyholders;
	(f) archives storage, retrieval and destruction services;
	(g) processing and assessing applications;
	(h) compliance with industry regulatory requirements, excluding taxation and auditing services;
	(i) managing reinsurance requirements
	Services remunerated by commission and franchise fees
27	Supplies for which financial supply facilitators are paid commission by financial supply providers
28	Supplies provided by financial supply facilitators to franchisors, for which the facilitators are paid a franchise fee
	Trustee and custodial services
29	Trustee and custodial services (except safe custody of money, documents and other things), including:
	(a) transfer of cash without purchase, sale or transfer of assets, excluding cash delivery and collection from branches of Australian ADIs; and
	(b) undertaking and settling of securities transactions by a financial supply facilitator; and
	(c) collecting income and other payments; and
	(d) registration of interests and rights; and
	(e) proxy voting; and
	(f) exercise of options and warrants; and
	(g) opening and maintaining accounts with Australian ADIs;
	(h) nominee services in relation to financial supplies
30	The following master custody services:
	(a) maintenance of accounting records;
	(b) taxation reporting;
	(c) mandate monitoring;
	(d) trade execution monitoring;
	(e) portfolio performance analysis;
	(f) risk management reporting
31	Single responsible entity services

(3) However, something that is used in making a reduced credit acquisition is not, for that reason, a reduced credit acquisition.

Examples for subregulation (3)

1 Information technology services used for brokerage services

2 Labour hire services used for life insurance administration services

70‑5.02A Acquisitions that attract reduced input tax credits: certain offshore supplies (Act s 70‑5)

(1) For subsection 70‑5 (1) of the Act, an acquisition mentioned in regulation 70‑5.02B that relates to making financial supplies gives rise to an entitlement to a reduced input tax credit (is a reduced credit acquisition) if:

(a) the supply or transfer that gives rise to the acquisition (the relevant supply):

(i) consists in:

(A) the transfer of something to an enterprise in Australia (the receiving enterprise) from an enterprise outside Australia (the supplying enterprise); or

(B) the doing of something for the receiving enterprise by the supplying enterprise; and

(ii) is a taxable supply because of section 84‑5 of the Act (including supply that is not connected to Australia because of section 84‑15 of the Act); and

(b) the receiving enterprise and the supplying enterprise are closely related.

(2) In determining the reduced credit acquisition, the price of the relevant supply is reduced by the amount passed on by the supplying enterprise to the receiving enterprise for any unabsorbed contribution from a third party (see regulation 70‑5.02C).

70‑5.02B Reduced credit acquisitions

(1) The following acquisitions may be reduced credit acquisitions under regulation 70‑5.02A:

Item	Reduced credit acquisition
	Senior executive management
1	Provision of senior management services, including: (a) corporate strategy and development; and (b) investment strategy and performance measurement functions; and (c) profit or business centre performance support
2	Provision of support systems associated with the provision of senior management services
	Human resources support
3	Provision of human resources support services, including: (a) general advice and planning; and (b) recruitment assistance; and (c) compensation advice and management; and (d) training
4	Processing and maintenance of employee data and files
	Corporate marketing and communications
5	Provision of corporate information and communication services
6	Provision of marketing administration and media support services
	Financial management
7	Performance of financial management service functions, including: (a) tax law compliance; and (b) corporate treasury operations; and
	(c) financial control (including statutory reporting and accounting policy); and (d) general ledger account reporting functions, including paying and processing invoices and payment instructions; and (e) internal audit functions; and (f) management reporting systems; and (g) setting intrabank transfer pricing policy; and (h) corporate insurance; and (i) centralised payroll functions
	Supply procurement and management
8	Process and management services for the procurement of supplies
	Credit, operational and risk management
9	Establishment and application of credit policy
10	Development, establishment and application of policies, monitoring systems and procedures to manage market and operational risk
11	Development and application of security processes related to fraud prevention
	Relationship management
12	Provision of supervision, monitoring and management services in support of client relationships
	In‑house legal services
13	Provision of legal services, including: (a) company secretary functions; and (b) regulatory and legal compliance
	Technology systems
14	Provision of systems development and computer programming services
15	Maintenance and operation of transaction processing systems (including communications and applications systems)
16	Development and maintenance of disaster recovery systems
	Business services
17	Provision of transport, security and mail services
18	Property management

(2) However, something that is used in making a reduced credit acquisition is not, for that reason, a reduced credit acquisition.

Examples for subregulation (2)

1 Consultant’s services used in the provision of recruitment services.

2 Labour hire services used in the provision of security services.

70‑5.02C Unabsorbed contribution

For subregulation 70‑5.02A (2), the performance by a third party, on behalf of the supplying enterprise or a closely related enterprise of the supplying enterprise, of all or part of the relevant supply is an unabsorbed contribution if:

(a) the amount paid or payable, or part of the amount paid or payable, by the supplying enterprise for the performance is passed on by the supplying enterprise to the receiving enterprise as part of the price of the relevant supply; and

(b) the enterprise carried on by the third party is not closely related to the supplying enterprise; and

(c) the thing that is involved in the performance by the third party retains, at the time of the relevant supply, the substance and character that it had when first purchased, for the purposes of the relevant supply, by an entity that carries on an enterprise that is closely related to the supplying enterprise.

Example for paragraph (c):

Legal advice that is given in the following circumstances is an unabsorbed contribution:

the advice is acquired by the supplying enterprise from a third party service provider as part of the provision of in‑house legal services by the supplying enterprise to its 100% subsidiary in Australia;
the external legal service provider is not closely related to the supplying enterprise;
the advice is passed on to the 100% subsidiary in Australia by the supplying enterprise;
the amount paid or payable for the advice is passed on to the 100% subsidiary in Australia as part of the price that the supplying enterprise charges for the provision of in‑house legal services.

70‑5.02D Prohibition against claiming twice

To avoid doubt, an entity is not entitled to a reduced input tax credit under regulations 70‑5.02 and 70‑5.02A for the same acquisition.

70‑5.03 Percentage to which input tax credits are reduced (Act s 70‑5)

For subsection 70‑5 (2) of the Act, the percentage of the input tax credit for each kind of reduced credit acquisition is 75%.

Division 78 Insurance

78‑105.01 Statutory compensation schemes

For the definition of statutory compensation scheme in section 78‑105 of the Act, each scheme or arrangement mentioned in Schedule 10 is specified.

Division 79 Compulsory third party schemes

79‑35.01 Meaning of CTP ancillary payment or supply

For paragraph 79‑35 (3) (b) of the Act, the following kinds of payments are specified:

(a) a payment for medical treatment provided by a medical practitioner;

(b) a payment for surgical treatment provided by a medical practitioner;

(d) a payment for dental treatment;

(e) a payment for hospital treatment;

(f) a payment for ambulance services;

(g) a payment for the conveyance of an injured person to obtain emergency medical treatment;

(h) a payment for the cost of travel for a medical practitioner or registered nurse to provide medical treatment;

(i) a payment of an amount determined under section 25A of the Territory Insurance Office Act of the Northern Territory;

(j) a payment made according to a bulk‑billing arrangement under section 54 of the Motor Accidents Compensation Act 1999 of New South Wales.

Note For section 79‑35 of the Act, the payments mentioned in this regulation are to be made under a compulsory third party scheme. Section 79‑35 sets out other requirements in relation to payments and supplies to which the Act relates.

Division 81 Taxes, fees and charges

81-10.01 Fees and charges which constitute consideration

For subsection 81-10 (2) of the Act, the following kinds of Australian fee or charge are prescribed:

(a) a fee for parking a motor vehicle in a ticketed or metered parking space;

(b) a toll for driving a motor vehicle on a road;

(d) a fee for the use of a waste disposal facility;

(e) a fee for pre-lodgment advice if:

(i) the advice relates to an application to which subsection 81-10 (4) of the Act applies; and

(ii) it is not compulsory to seek the advice;

(f) a fee for the provision of information if the information is not required to be provided under an Australian law.

Note Australian fee or charge is defined in section 195-1 of the Act.

Part 4‑7 Special rules mainly about returns, payments and refunds

Division 168 Tourist refund scheme

Subdivision 168‑1 Kinds of acquisitions

168‑5.01 Acquisition

For paragraphs 168-5 (1) (b) and (1A) (b) of the Act, the acquisition, in accordance with this Subdivision, of goods the supply of which was a taxable supply is a kind of acquisition.

Note Part of a person’s eligibility for the tourist refund scheme involves making an acquisition:

(a) the supply of which is a taxable supply; and

(b) that is of a kind specified in the regulations.

168‑5.02 Goods to which Subdivision 168‑1 applies

This Subdivision applies to goods the supply of which is a taxable supply, except any of the following goods:

(a) tobacco;

(b) tobacco products;

(d) goods that have been partly consumed at the time at which the acquirer leaves Australia.

168‑5.03 Registered entity

The goods must have been acquired from a registered entity.

168‑5.04 Purchase price

(1) If 1 item has been acquired from a registered entity, the purchase price paid by the acquirer must be at least $300.

(2) If 2 or more items have been acquired from the same registered entity, the total purchase price paid by the acquirer for the items must be at least $300.

168‑5.05 Tax invoice

The acquisition must be an acquisition for which the acquirer holds 1 tax invoice only.

Subdivision 168‑2 Departure from Australia

168‑5.06 Departure

For paragraphs 168-5 (1) (c) and (1A) (e) of the Act, an acquirer may leave Australia in any circumstances, except leaving Australia in the course of the acquirer’s employment as:

(a) the person in charge or command of an aircraft or ship; or

(b) a member of the crew of an aircraft or ship.

Note Part of a person’s eligibility for the tourist refund scheme involves leaving Australia in circumstances specified in the regulations.

168‑5.07 Place of departure

The acquirer must leave Australia at an airport, or seaport, that has a TRS verification facility.

Subdivision 168‑3 Export as accompanied baggage

168‑5.08 Accompanied baggage

For paragraph 168‑5 (1) (c) of the Act, an acquirer must export goods from Australia as accompanied baggage in the circumstances set out in this Subdivision.

Note Part of a person’s eligibility for the tourist refund scheme involves exporting goods from Australia as accompanied baggage in circumstances specified in the regulations.

168‑5.09 Time of export

The goods must be exported within 30 days after the day on which they were acquired.

168‑5.10 Verification of export

(1) The acquirer must present to an officer of Customs, on request, the tax invoice relating to the goods.

(2) The acquirer must present to an officer of Customs, on request, as many of the following as are requested:

(a) the goods;

(b) the acquirer’s passport;

(c) documents that confirm the acquirer’s entitlement to leave Australia on the aircraft or ship (for example, the acquirer’s boarding pass or ticket).

(3) The acquirer must comply with subregulations (1) and (2):

(a) at a TRS verification facility; and

(b) when the acquirer is leaving Australia.

(4) If the acquirer is unable to present goods to an officer of Customs on request, because the acquirer has checked in the goods as accompanied baggage, the tax invoice must be endorsed, in accordance with arrangements that have been agreed to by the Chief Executive Officer of Customs, with a statement to the effect that the goods have been checked in.

Subdivision 168-3A Export by resident of an external Territory as unaccompanied baggage

168-5.10A Export of goods to an external Territory

For paragraph 168-5 (1A) (e) of the Act, this Subdivision sets out the circumstances in which an acquirer must export goods to an external Territory, as unaccompanied baggage, for the purposes of being paid a refund of GST.

168-5.10B Time of export

The goods must be exported within 60 days after the day on which they were acquired.

168-5.10C Verification of export

(1) The acquirer must present to an officer of Customs, on request:

(a) the tax invoice relating to the goods; and

(b) documentary evidence that the acquirer is an individual to whom paragraph 168-5 (1A) (c) of the Act applies; and

(i) the goods have been exported to an external Territory; or

(ii) arrangements have been made for the exportation of the goods to an external Territory within 60 days after the day on which the goods were acquired.

(2) The acquirer must present the tax invoice and evidence at a TRS verification facility when leaving for an external Territory.

(3) If the acquirer presents the evidence mentioned in subparagraph (1) (c) (ii), documentary evidence that the goods have been exported to an external Territory as described in that subparagraph must be given to the Chief Executive Officer of Customs within 90 days after the day on which the goods were acquired.

Subdivision 168‑4 Proportion of amount of GST for payment in cash

168‑5.11 Cash payment

(1) For paragraphs 168-5 (1) (e) and (1A) (g) of the Act, this regulation applies if:

(a) an amount of GST on a taxable supply is to be paid to an acquirer in cash; and

(b) the amount of GST is not an exact multiple of 5 cents.

(2) If the amount of GST (the base amount) ends with an amount that is more than an exact multiple of 5 cents but less that 2.5 cents, or more than an exact multiple of 5 cents but less than 7.5 cents:

(a) the base amount is to be rounded down to the nearest exact multiple of 5 cents; and

(b) the result is the proportion of the base amount that is to be paid to the acquirer.

(3) If the amount of GST (the base amount) ends with an amount that is 2.5 cents or more, but less than an exact multiple of 5 cents, or 7.5 cents or more, but less than an exact multiple of 5 cents:

(a) the base amount is to be rounded up to the nearest exact multiple of 5 cents; and

(b) the result is the proportion of the base amount that is to be paid to the acquirer.

Subdivision 168‑5 Documentation relating to entitlement to payment

168‑5.12 Payment authority

(1) This regulation applies if:

(a) an acquirer complies with regulation 168‑5.10 at the request of an officer of Customs; and

(b) the officer is satisfied that the acquirer is entitled to be paid an amount under section 168‑5 of the Act.

(2) The officer must give the acquirer a payment authority that includes:

(a) information identifying the acquirer; and

(b) the amount to which the acquirer is entitled.

168‑5.13 Claim for payment: exceptional circumstances

If an officer of Customs is unable to give an acquirer a payment authority, because of exceptional circumstances that make it impracticable for the officer to verify the acquirer’s entitlement, the officer must make arrangements for the acquirer:

(a) to complete a claim for payment; and

(b) to include with the claim the acquirer’s tax invoice; and

Examples of exceptional circumstances

1 A power outage at a TRS verification facility, making it impossible to verify details by computer.

2 Passenger congestion that would make it unreasonable to verify each acquirer’s claim within the time available.

Subdivision 168‑6 Period and manner of payment

168‑5.14 Processing payment authority given to officer of Customs at airport

(1) For subsection 168‑5 (2) of the Act, this regulation applies if:

(a) an acquirer gives a payment authority to an officer of Customs at a TRS verification facility:

(i) that is located at an airport; and

(ii) at which facilities exist for making cash payments; and

(b) the amount to be paid to the acquirer (including any amount payable to the acquirer, in relation to the acquisition, under section 25‑5 of the A New Tax System (Wine Equalisation Tax) Act 1999) is $200 or less.

Note Facilities for making cash payments to acquirers will only be available at some airports, and will not be available at seaports.

(2) If it is practicable to pay cash to the acquirer, the amount must be paid to the acquirer, in Australian currency, before the acquirer leaves Australia.

(3) If it is not practicable to pay cash to the acquirer, an officer of Customs must make arrangements for the acquirer to lodge the payment authority at a TRS verification facility before leaving Australia.

Examples

1 A shortage of cash at the TRS verification facility.

2 Passenger congestion that would make it unreasonable to pay cash to each acquirer within the time available.

168‑5.15 Processing payment authority lodged at a TRS verification facility

(1) For subsection 168‑5 (2) of the Act, this regulation applies if an acquirer:

(a) lodges a payment authority at a TRS verification facility when the acquirer is leaving Australia; and

(b) includes with the authority instructions for paying an amount to the acquirer by:

(i) crediting the amount to a credit card account or an Australian bank account; or

(ii) posting a cheque for the amount to a nominated address.

(2) The acquirer must be paid the amount in accordance with the instructions given with the authority.

(3) The payment must be made within 60 days after the payment authority is lodged.

168‑5.16 Processing payment authority given to Chief Executive Officer of Customs

(1) For subsection 168‑5 (2) of the Act, this regulation applies if:

(a) an acquirer posts a payment authority, from a place outside Australia, to the Chief Executive Officer of Customs; and

(b) the acquirer includes with the authority instructions for paying an amount to the acquirer by:

(i) crediting the amount to a credit card account or an Australian bank account; or

(ii) posting a cheque for the amount to a nominated address; and

(c) the Chief Executive Officer receives the authority not later than 30 days after the day on which the payment authority was given to the acquirer.

(2) The acquirer must be paid the amount in accordance with the instructions given with the authority.

(3) The payment must be made within 60 days after the Chief Executive Officer receives the payment authority.

168‑5.17 Processing claim for payment made in exceptional circumstances

(1) For subsection 168‑5 (2) of the Act, this regulation applies if:

(a) an acquirer lodges a claim for payment in accordance with regulation 168‑5.13; and

(b) the acquirer includes with the claim instructions for paying an amount to the acquirer by:

(i) crediting the amount to a credit card account or an Australian bank account; or

(ii) posting a cheque for the amount to a nominated address; and

(c) the Chief Executive Officer of Customs, or a person authorised by the Chief Executive Officer, is satisfied that the acquirer is entitled to be paid an amount under section 168‑5 of the Act.

(2) The acquirer must be paid the amount in accordance with the instructions given with the claim.

(3) The payment must be made within 60 days after the Chief Executive Officer receives the claim.

Part 6‑3 Regulations relating to the Dictionary in the Act

Division 195 Dictionary

195‑1.01 Compulsory third party schemes

For paragraph (b) of the definition of compulsory third party scheme in section 195‑1 of the Act, each scheme or arrangement mentioned in Schedule 11 is specified.

195‑1.02 First aid or life saving course

(1) For subparagraph (b) (vi) of the definition of first aid or life saving course in section 195‑1 of the Act, the qualification specified is a qualification that:

(a) is provided by a registered training organisation under the National Training Framework; and

(b) certifies the attainment of all the competencies mentioned in column 2 of the table in Schedule 12, with the unit codes mentioned in column 3 of Schedule 12.

(2) It is not necessary for a person to obtain certification of attainment of all the competencies mentioned in column 2 of the table in Schedule 12 from the same registered training organisation.

Schedule 3 Medical aids and appliances

(regulation 38‑45.01)

Item	Category	Medical aids or appliances
1	Advanced wound care	alginate
2		hydro colloids
3		hydro gel
4		polyurethane film
5		polyurethane foam
6	Communication aids for people with disabilities	tracheostomy appliances and accessories
7		laryngotomy appliances and accessories
8	Continence	skin bond
9	Daily living for people with disabilities	artificial ears
10		nose prostheses
11	Hearing/speech	hearing loops
12	Infusion systems for the delivery of a measured dose of a medication	infusion sets
13		infusion pumps
14	Mobility of people with disabilities — physical: orthoses	compression garments
15	Mobility of people with disabilities — physical: prostheses	supplements and aids associated with mammary prostheses
16	Mobility of people with disabilities — physical: seating aids	postural support seating
17	Mobility of people with disabilities — physical: walking aids	accessories associated with walking frames or specialised ambulatory ortheses
18	Personal hygiene for people with disabilities	customised modifications and accessories for the aids or appliances mentioned in items 111 to 121 of Schedule 3 to the Act
19	Respiratory appliances	tilt tables
20	Stoma	stoma products including all bags and related equipment for patients with urostomies

Schedule 5 Rules for the supply of goods to a relevant traveller

(regulation 38‑185.01)

Definitions and interpretation

(1) In this Schedule, unless the contrary intention appears:

barrier copy, in relation to an invoice, means the copy of the invoice that is attached to the sealed package in which the goods to which the invoice relates are enclosed when the goods are passed into the possession of the purchaser.

CB declaration means an approved form of declaration that, under CB rule 2 in this Schedule, may be required by the Commissioner to be made by a relevant traveller purchasing goods under Table 2 of these Rules.

goods means goods purchased by a relevant traveller that will be exported with him or her on the intended flight or voyage.

SB declaration means an approved form of declaration that, under SB rule 2 in this Schedule, must be made by a relevant traveller purchasing goods under Table 1 of these Rules.

specified departure date, in relation to a purchaser of goods, means the date on which the purchaser will depart Australia, according to the purchaser’s travel ticket or other approved document shown at the time he or she takes possession of the goods.

(2) In this Schedule:

(a) seller includes an employee or agent of a seller; and

(b) a requirement placed on a seller is satisfied by action of an employee or agent of the seller in meeting the requirement.

Table 1 Sealed Bag Rules

Goods taken possession of on the Australian side of the Customs barrier and accompanying the traveller

[1] Rule number	[2] Summary of rule	[3] Details of rule	[4] What the Commissioner may approve	[5] Time when the requirements of the rule must be satisfied
SB Rule 1	Seller to sight travel documents	The seller of the goods must sight: (a) the purchaser’s ticket for travel from Australia to a foreign country; or (b) if appropriate, a document relating to the purchaser that is an approved document	A document of a kind that provides evidence that a purchaser is to travel from Australia to a foreign country	Before the purchaser takes possession of the goods
SB Rule 2	Purchaser to sign an SB declaration	the purchaser must sign, and retain a copy of, a declaration (SB declaration) setting out, in the approved form: (a) details of the purchaser, the goods purchased and the proposed journey; and (b) if the following matters are true, a statement that the purchaser: (i) intends departing Australia with the goods within 30 days of taking possession;	The form of the SB declaration, including additional information and statements to be included in the SB declaration	Before the purchaser takes possession of the goods
		(ii) will not interfere with the goods, the sealed package containing the goods or the copies of the invoice relating to the goods before submitting the sealed package to the seller in accordance with SB rule 7 or 8;
		(iii) will, in accordance with SB rule 7 or 8, submit the sealed package to the seller for removal of the barrier copy of the invoice; (iv) is aware of the penalty for making a false or misleading statement; and (c) any other information or statement required by the approved form
SB Rule 3	Seller to make an invoice	The seller must make an invoice: (a) at the time of the sale; and (b) in an approved form; and (c) in triplicate; and (d) containing a full description of the goods	(a) forms of invoice that render obvious an alteration to, or deletion from, the contents of the invoice; and (b) the information to be included in an invoice	Before the purchaser takes possession of the goods
SB Rule 4	Seller to retain copies of certain documents	The seller must retain: (a) the signed SB declaration; and (b) a copy of the invoice
SB Rule 5	Time is limited within which the purchaser may take possession of the goods	The seller must not pass possession of the goods to the purchaser earlier than the commencement of the 30th calendar day before the specified departure date
SB Rule 6	Purchaser may only take possession of goods in a sealed package	The seller must not pass possession of the goods to the purchaser unless: (a) the goods are enclosed in a package that is: (i) of an approved kind; and (ii) sealed by an approved method so that the goods cannot be removed from the package without the seal being broken; and (b) the barrier copy of the invoice is attached to the exterior of the package by an approved method; and (c) the customer copy of the invoice is placed inside the package by a method that, if possible, enables the invoice to be read without need to break the seal of the package	(a) the kind of package; and (b) the method of sealing the package; and (c) the method of attaching the barrier copy of the invoice to the package	Before the purchaser takes possession of the goods
SB Rule 7	Invoice to be retrieved at the point of surrender of goods before the Customs barrier	if, before the purchaser presents himself or herself to Customs as departing Australia, the purchaser surrenders the sealed package to the carrier with whom the purchaser is to travel, the seller must retrieve the barrier copy of the invoice at the point of surrender of the package		At the time when the purchaser surrenders the sealed package
SB Rule 8	Invoice to be retrieved when beyond the Customs barrier	if the sealed package is carried beyond the Customs barrier by the purchaser in his or her own possession, the purchaser must then surrender the sealed package to the seller and the seller must retrieve the barrier copy of the invoice		After the purchaser presents himself or herself to Customs as departing Australia and before departing on the flight or voyage
SB Rule 9	Sealed package to be examined	the seller must examine the sealed package when dealing with it under SB rule 7 or 8 to ascertain whether it: (a) remains sealed; or (b) has been tampered with		Immediately before the barrier copy of the invoice is retrieved under SB rule 7 or 8
SB Rule 10	Tampering or other discrepancy in respect of sealed package is to be notified	the seller must notify the Commissioner as soon as is practicable, in the approved form, if the seller becomes aware that: (a) a package is no longer sealed, or has otherwise been tampered with; or (b) the goods enclosed in the package are not the goods described in the customer copy of the invoice or the barrier copy of the invoice, as the case may be	The form in which notification is to be given
SB Rule 11	Retrieved invoices must be validated	the seller must validate a retrieved barrier copy of an invoice: (a) as soon as is practicable; and (b) by the approved method	The method by which a retrieved barrier copy of an invoice is to be validated
SB Rule 12	Invoices must be matched	the seller must reconcile the retrieved barrier copy of an invoice against the seller’s copy of the invoice, by an approved method	Methods of reconciling a retrieved barrier copy of an invoice against the seller’s copy of the invoice

Table 2 Customs Barrier Rules

Goods taken possession of on the outward departure side of the Customs barrier and accompanying the traveller

[1] Rule number	[2] Summary of rule	[3] Details of rule	[4] What the Commissioner may approve	[5] Time when the requirements of the rule must be satisfied
CB Rule 1	Seller to sight travel documents	the seller of the goods must sight: (a) the purchaser’s boarding pass or ticket for travel from Australia to a foreign country; or (b) if appropriate, a document relating to the purchaser that is an approved document	(a) a document of a kind that provides evidence that the purchaser is to travel from Australia to a foreign country; and (b) a document of a kind that provides evidence that the purchaser was beyond the Customs barrier when taking possession of the goods	Before the purchaser takes possession of the goods
CB Rule 2	Purchaser may have to sign a CB declaration	If the purchaser pays for the goods on the Australian side of the Customs barrier and will not take possession of the goods until he or she has passed through the Customs barrier, he or she must sign, and retain a copy of, a declaration (CB declaration) setting out, in the approved form: (a) details of the purchaser, the goods purchased and the proposed journey; and	The form of the CB declaration and additional information and statements to be included in the CB declaration	Before the purchaser takes possession of the goods
		(b) a declaration that he or she is aware of the penalty for making a false or misleading statement; and (c) any other information or statement required by the approved form
CB Rule 3	Seller to make an invoice	the seller must make an invoice or receipt: (a) at the time of the sale; and (b) in an approved form; and (c) in duplicate; and (d) containing a full description of the goods	(a) forms of invoice that render obvious an alteration to, or deletion from, the contents of the invoice; and (b) the information to be included in an invoice	Before the purchaser takes possession of the goods
CB Rule 4	Seller to retain copies of certain documents	the seller must retain: (a) a copy of the invoice; and (b) the signed CB declaration (if any); and (c) if the goods are paid for on the Australian side of the Customs barrier and pass into the possession of the purchaser only after the purchaser has passed through the Customs barrier, an approved document giving evidence of that fact	A document of a kind that provides evidence that the goods have been passed into the possession of the purchaser after he or she has passed through the Customs barrier	Before the purchaser takes possession of the goods

[1]

Rule number

[2]

Summary of rule

[3]

Details of rule

[4]

What the Commissioner may approve

[5]

Time when the requirements of the rule must be satisfied

Rule 1

Seller to sight travel documents

the seller of the goods must sight:

(a) the purchaser’s boarding pass or ticket for travel from Australia to a foreign country; or

(b) if appropriate, a document relating to the purchaser that is an approved document

(a) a document of a kind that provides evidence that the purchaser is to travel from Australia to a foreign country; and

(b) a document of a kind that provides evidence that the purchaser was beyond the Customs barrier when taking possession of the goods

Before the purchaser takes possession of the goods

Rule 2

Purchaser may have to sign a CB declaration

If the purchaser pays for the goods on the Australian side of the Customs barrier and will not take possession of the goods until he or she has passed through the Customs barrier, he or she must sign, and retain a copy of, a declaration (CB declaration) setting out, in the approved form:

(a) details of the purchaser, the goods purchased and the proposed journey; and

The form of the CB declaration and additional information and statements to be included in the CB declaration

Before the purchaser takes possession of the goods

(b) a declaration that he or she is aware of the penalty for making a false or misleading statement; and

Rule 3

Seller to make an invoice

the seller must make an invoice or receipt:

(a) at the time of the sale; and

(b) in an approved form; and

(d) containing a full description of the goods

(a) forms of invoice that render obvious an alteration to, or deletion from, the contents of the invoice; and

(b) the information to be included in an invoice

Before the purchaser takes possession of the goods

Rule 4

Seller to retain copies of certain documents

the seller must retain:

(a) a copy of the invoice; and

(b) the signed CB declaration (if any); and

(c) if the goods are paid for on the Australian side of the Customs barrier and pass into the possession of the purchaser only after the purchaser has passed through the Customs barrier, an approved document giving evidence of that fact

A document of a kind that provides evidence that the goods have been passed into the possession of the purchaser after he or she has passed through the Customs barrier

Before the purchaser takes possession of the goods

Schedule 7 Examples of financial supply

(regulation 40‑5.11)

Note 1 The examples are not to be taken as exhaustive.

Note 2 If an example is inconsistent with the description of the financial supply in the item in the table in regulation 40‑5.09 to which the example relates, the description prevails.

See s 15AD of the Acts Interpretation Act 1901.

Part 1 Examples for item 1 in the table in regulation 40‑5.09

Item	Example
1	Opening, keeping, operating, maintaining and closing of cheque, debit card, deposit and savings accounts for account holders
2	Cash collection, handling and sorting for account holders by account providers
3	ATM, electronic and telephone operation of accounts
4	Supply of standard cheque and deposit books for account holders
5	Supply of debit and smart cards
6	Cashing cheques and payment orders
7	Preparation, reconciliation and replacement of account statements
8	Notification of dishonoured transactions and unpaid fees
9	Stopping payment of cheques
10	Operation of authorised overdraft facilities
11	Unauthorised usage of overdraft facilities
12	Retention and storage of vouchers
13	Making information about accounts available
14	Garnishee of accounts
15	Recovery of Commonwealth, State and Territory fees, duties and taxes
16	Audit confirmation of accounts
17	Electronic funds transfer
18	Money transfer for account holders
19	Making disbursements for account holders

Part 2 Examples for item 2 in the table in regulation 40‑5.09

Item	Example
1	Borrowing and lending, including establishing, maintaining and discharging loans
2	Opening, keeping, operating, maintaining and closing charge and credit card facilities
3	Supply of credit cards
4	Establishing, operating and terminating letters of credit
5	Right to an income stream under a securitisation arrangement
6	Recovery of Commonwealth, State and Territory fees, duties and taxes
7	Recovery of lenders mortgage insurance fees

Part 3 Examples for item 3 in the table in regulation 40‑5.09

Item	Example
1	A mortgage over land or premises
2	A mortgage over a chattel
3	A charge over the assets of a company
4	Documentation or valuation of the collateral or security for a credit or an advance
5	A mortgage over a share or bond

Part 4 Examples for item 6 in the table in regulation 40‑5.09

Item	Example
1	A contract of insurance that provides for the payment of money on the death of a person or on the happening of a contingency dependent on the termination or continuance of human life
2	A contract of insurance that is subject to payment of premiums for a term dependent on the termination or continuance of human life
3	A contract of insurance for a term dependent on the termination or continuance of human life that provides for the payment of an annuity
4	A contract that provides for the payment of an annuity for a term not dependent on the continuance of a human life
5	A continuous disability policy within the meaning of section 9A of the Life Insurance Act 1995
6	A contract (whether or not a contract of insurance) that constitutes an investment account contract, or an investment‑linked contract, within the meaning of section 14 of the Life Insurance Act 1995

Part 5 Examples for item 7 in the table in regulation 40‑5.09

Item	Example
1	An indemnity that is not a contract of insurance
2	A surety bond that is a guarantee
3	A performance bond

Part 6 Example for item 8 in the table in regulation 40‑5.09

Item	Example
1	The amount of interest, and associated fees and charges, in respect of the credit component under a hire purchase agreement

Part 7 Examples for item 9 in the table in regulation 40‑5.09

Item	Example
1	Foreign currency in cash form
2	Foreign currency drafts
3	Travellers cheques
4	International cheques
5	Collection, negotiation and endorsement of instruments (including cheques) for payment in foreign currency, including message services
6	Forward contracts for transactions to buy or sell foreign currency
7	Options to buy or sell foreign currency
8	Conversion of Australian currency into foreign currency and conversion of foreign currency into Australian currency

Part 8 Examples for item 10 in the table in regulation 40‑5.09

Item	Example
1	Bonds, stocks or debentures issued, or proposed to be issued, by a government entity
2	Shares in, or debentures or convertible notes of, a body
3	Subordinated notes
4	Structured notes
5	Units in a unit trust
6	Dealings in floating rate notes, commercial bills, commercial paper, extendable bill investments and other financial instruments
7	Interests in a partnership
8	Promissory notes and bills of exchange
9	Bank cheques
10	Warrants
11	Securities lending

Part 9 Examples for item 11 in the table in regulation 40‑5.09

Item	Example
1	Forward contracts, futures contracts, swap contracts and options contracts the value of which depends on, or is derived from:
	(a) the price of debt securities or debt securities index values or interest rates; or
	(b) foreign exchange or currency values or currency index values; or
	(c) share or stock prices or equity index values; or
	(d) credit spreads or credit events, including:
	(i) default; and
	(ii) other forms of financial distress; and
	(iii) credit index values; or
	(e) macroeconomic indicators or variables; or
	(f) climatic events or indexes
2	Commodity derivatives that involve no option, right or obligation to delivery of the commodity, such as electricity derivatives
3	Reciprocal repurchase agreements
4	Options over input taxed supply of precious metals
5	Securities lending agreements
6	Initial and variation margins in respect of exchange traded futures contracts
7	Cash settlement of a derivative over the counter or on the exchange rather than the physical delivery of the underlying taxable assets

Schedule 8 Examples of supply that is not financial supply

(regulation 40‑5.13)

Note 1 The examples are not to be taken as exhaustive.

Note 2 If an example is inconsistent with the description of the financial supply in the table in regulation 40‑5.12 to which the example relates, the description in the table prevails.

See s 15AD of the Acts Interpretation Act 1901.

Part 1 Examples for item 3 in the table in regulation 40‑5.12

Item	Example
1	Advice by a legal practitioner in the course of professional practice
2	Advice by an accountant in the course of professional practice
3	Taxation advice, including preparation of tax returns
4	Actuarial advice
5	Rating services for securitisation vehicles

Part 2 Examples for item 4 in the table in regulation 40‑5.12

Item	Example
1	Supply of services by a payment system operator to a participant in the system for which the following fees are charged by the operator:
	(a) membership fees;
	(b) processing fees;
	(c) service fees;
	(d) marketing fees;
	(e) risk management fees;
	(f) multi‑currency fees
2	Access to a payment system, and supply of other related services by a participant in the system to a third party
3	Supply of a service by one participant in a payment system to another participant in the system in relation to charge, credit and debit card transactions
4	Processing, settling, clearing and switching transactions of the following kinds:
	(a) direct credit and debit;
	(b) other debit and credit transactions;
	(c) charge, credit and debit card transactions;
	(d) cheque;
	(e) electronic funds transfer;
	(f) ATM;
	(g) B‑pay;
	(h) Internet banking;
	(i) GiroPost;
	(j) SWIFT (Society for Worldwide Interbank Financial Telecommunications) Payment Delivery System;
	(k) an approved RTGS (real time gross settlement) system;
	(i) Austraclear
5	Supply to a participant in a payment system by the operator of the system of the following services:
	(a) processing of account data;
	(b) electronic payment services

Part 3 Examples for item 7 in the table in regulation 40‑5.12

Item	Example
1	Deliverable wool futures and forward contracts
2	Deliverable wheat futures and forward contracts
3	Options over a contract mentioned in item 1 or 2

Part 4 Example for item 10 in the table in regulation 40‑5.12

Item	Example
1	Health insurance provided as part of a health insurance business (as defined in subsection 67 (4) of the National Health Act 1953)

Part 5 Examples for item 12 in the table in regulation 40‑5.12

Item	Example
1	Managing the assets or liabilities of an entity
2	Acting as the trustee of an entity
3	Investment portfolio administration, including:
	(a) maintaining account holder records and associated accounting; and
	(b) processing of contributions and returns; and
	(c) storage and retrieval of archives; and
	(d) statement processing and bulk mailing

Part 6 Examples for item 15 in the table in regulation 40‑5.12

Item	Example
1	Acting as a trustee of a trust or other entity
2	Acting as a trustee under a will or settlement

Schedule 10 Statutory compensation schemes

(regulation 78‑105.01)

Item	Scheme or arrangement	Australian law
1	Commonwealth government employees workers’ compensation insurance scheme	Safety, Rehabilitation and Compensation Act 1988 (Cth)
2	ACT government employees workers’ compensation insurance scheme	Safety, Rehabilitation and Compensation Act 1988 (Cth)
2A	Military rehabilitation and compensation scheme	Military Rehabilitation and Compensation Act 2004 (Cth)
3	NSW Treasury Managed Fund	Government Insurance Office (Privatisation) Act 1991 (NSW)
4	Sporting injuries insurance scheme	Sporting Injuries Insurance Act 1978 (NSW)
		Motor Accidents Compensation Act 1999 (NSW)
6	WorkCover scheme	Workers Compensation Act 1987 (NSW)
		Workplace Injury Management and Workers’ Compensation Act 1998 (NSW)
8	General insurance schemes provided by the Victorian Managed Insurance Authority	Victorian Managed Insurance Authority Act 1996 (Vic)
9	Workers’ compensation insurance scheme	Accident Compensation Act 1985 (Vic)
		Accident Compensation (WorkCover Insurance) Act 1993 (Vic)
		Workers Compensation Act 1958 (Vic)
11	Workers’ compensation scheme	WorkCover Queensland Act 1996 (Qld)
13	Workers’ compensation scheme	Workers’ Compensation and Rehabilitation Act 1981 (WA)
14	RiskCover Fund	Insurance Commission of Western Australia Act 1986 (WA)
16	Workers’ rehabilitation and compensation scheme	Workers Rehabilitation and Compensation Act 1986 (SA)
18	WorkCover scheme	Workers’ Compensation Act 1951 (ACT)
		Workers’ Compensation Supplementation Fund Act 1980 (ACT)
19	Workers’ compensation insurance scheme	Workers’ Compensation Act 1951 (ACT)
22	Workers’ compensation insurance scheme	Workers Rehabilitation and Compensation Act 1988 (Tas)

Schedule 11 Compulsory third party schemes

(regulation 195‑1.01)

Item	Scheme or arrangement	Australian law
1	Compensation scheme for victims of motor accidents	Motor Accidents Act 1988 (NSW) Motor Accidents Compensation Act 1999 (NSW)
2	Compulsory third party transport accident compensation scheme	Transport Accident Act 1986 (Vic)
3	Statutory insurance scheme	Motor Accident Insurance Act 1994 (Qld)
4	Compulsory third party insurance scheme	Motor Vehicle (Third Party Insurance) Act 1943 (WA)
5	Third party insurance scheme	Motor Vehicles Act 1959 (SA)
6	Compulsory third party insurance scheme	Road Transport (General) Act 1999 (ACT)
7	Motor accidents compensation scheme	Motor Accidents (Compensation) Act (NT)
8	Motor accidents insurance scheme	Motor Accidents (Liabilities and Compensation) Act 1973 (Tas)

Schedule 12 First aid or life saving course

(regulation 195‑1.02)

Item	Competency	Competency unit code within the National Training Framework
1	Respond to aquatic emergency using basic water rescue techniques	(a) SRC AQU 003A; or (b) SRC AQU 003B
2	Apply the principles of movement in water to aquatic activities	(a) SRC AQU 008A; or (b) SRC AQU 008B
3	Instruct water familiarisation, buoyancy and mobility skills	(a) SRC AQU 009A; or (b) SRC AQU 009B
4	Instruct water safety and survival skills	(a) SRC AQU 010A; or (b) SRC AQU 010B
5	Instruct the strokes of swimming	(a) SRC AQU 011A; or (b) SRC AQU 011B
6	Operate in accordance with accepted instructional practices, styles and legal and ethical responsibilities	(a) SRC CRO 007A; or (b) SRC CRO 007B

Notes to the A New Tax System (Goods and Services Tax) Regulations 1999

Note 1

The A New Tax System (Goods and Services Tax) Regulations 1999 (in force under the A New Tax System (Goods and Services Tax) Act 1999) as shown in this compilation comprise Statutory Rules 1999 No. 245 amended as indicated in the Tables below.

For all relevant information pertaining to application, saving or transitional provisions see Table A.

Table of Instruments

Year and number	Date of notification in Gazette or FRLI registration	Date of commencement	Application, saving or transitional provisions
1999 No. 245	21 Oct 1999	1 July 2000 (see r. 2)
2000 No. 49	19 Apr 2000	19 Apr 2000	—
2000 No. 77	26 May 2000	26 May 2000	—
2000 No. 89	1 June 2000	1 June 2000	—
2000 No. 110	15 June 2000	Rr. 1–3 and Schedule 1: 15 June 2000 Remainder: 16 June 2000	—
2000 No. 268	28 Sept 2000	28 Sept 2000	—
2000 No. 363	20 Dec 2000	20 Dec 2000	—
2001 No. 48	16 Mar 2001	1 July 2000	—
2001 No. 126	6 June 2001	1 Dec 2001	—
2002 No. 88	9 May 2002	1 July 2000	—
2003 No. 37	27 Mar 2003	1 Apr 2003	—
2003 No. 73	28 Apr 2003	1 May 2003	—
2003 No. 190	24 July 2003	1 July 2000	—
2004 No. 218	15 July 2004	15 July 2004	—
2004 No. 276	26 Aug 2004	1 July 2004	—
2007 No. 175	26 June 2007(see F2007L01756)	1 July 2007	—
2007 No. 206	29 June 2007(see F2007L01975)	1 July 2007	—
2007 No. 258	27 Aug 2007 (see F2007L02640)	28 Aug 2007	—
2009 No. 29	27 Feb 2009 (see F2009L00679)	3 Mar 2009	—
2009 No. 385	16 Dec 2009 (see F2009L04488)	1 July 2010	—
2010 No. 206	12 July 2010 (see F2010L01945)	1 July 2010	R. 3
2010 No. 207	12 July 2010 (see F2010L01951)	1 July 2010	—
2011 No. 108	20 June 2011 (see F2011L01077)	21 June 2011	—
2011 No. 127	30 June 2011 (see F2011L01361)	1 July 2011	—

Table of Amendments

ad. = added or inserted am. = amended rep. = repealed rs. = repealed and substituted
Provision affected	How affected
Part 1
R. 3...................	am. 2000 No. 77
Part 2–5
Part 2–5...............	ad. 2007 No. 206
Division 23
R. 23–15.01.............	ad. 2007 No. 206
R. 23–15.02.............	ad. 2007 No. 206
Part 2‑6
Part 2‑6.........	rs. 2000 No. 77
Rr. 29‑70, 29‑71	rep. 2000 No. 77
Division 29
Div. 29 of Part 2‑6..	ad. 2000 No. 77
Subdivision 29–C
Subdiv. 29–C of Div. 29 of Part 2–6	ad. 2000 No. 77
R. 29‑70.01.......	ad. 2000 No. 77
	rep. 2010 No. 206
R. 29‑70.02.......	ad. 2000 No. 77
	rep. 2010 No. 206
R. 29–80.01.............	ad. 2007 No. 175
R. 29–80.02.............	ad. 2009 No. 385
Part 2‑7
Part 2‑7.........	ad. 2000 No. 89
Division 33
Div. 33 of Part 2‑7..	ad. 2000 No. 89
R. 33‑15.01.......	ad. 2000 No. 89
	am. 2000 No. 268
R. 33‑15.02.......	ad. 2000 No. 89
R. 33‑15.03.......	ad. 2000 No. 89
R. 33‑15.04.......	ad. 2000 No. 89
R. 33‑15.05.......	ad. 2000 No. 89
R. 33‑15.06.......	ad. 2000 No. 89
	am. 2000 No. 268
R. 33‑15.07.......	ad. 2000 No. 89
R. 33‑15.08.......	ad. 2000 No. 89
R. 33‑15.09.......	ad. 2000 No. 89
Part 3‑1
Division 38
Div. 38 of Part 3‑1..	ad. 2000 No. 110
Subdivision 38‑A
Subdiv. 38‑A of Div. 38 of Part 3‑1	ad. 2000 No. 110
R. 38‑3.01........	ad. 2000 No. 110
R. 38‑3.02........	ad. 2001 No. 126
Subdivision 38‑B
Subdiv. 38‑B of Div. 38 of Part 3‑1	ad. 2000 No. 110
R. 38‑45.01.......	ad. 2000 No. 110
Subdivision 38‑E
Subdiv. 38‑E of Div. 38 of Part 3‑1	ad. 2000 No. 110
R. 38‑185.01......	ad. 2000 No. 110
Part 3‑1.........	rep. 2000 No. 77
Rr. 40‑5 to 40‑17	rep. 2000 No. 77
Part 3‑1.........	ad. 2000 No. 77
Division 40
Div. 40 of Part 3‑1..	ad. 2000 No. 77
Subdivision 40‑A
Subdiv. 40‑A of Div. 40 of Part 3‑1	ad. 2000 No. 77
R. 40‑5.01........	ad. 2000 No. 77
R. 40‑5.02........	ad. 2000 No. 77
R. 40‑5.03........	ad. 2000 No. 77
R. 40‑5.04........	ad. 2000 No. 77
R. 40‑5.05........	ad. 2000 No. 77
R. 40‑5.06........	ad. 2000 No. 77
R. 40‑5.07........	ad. 2000 No. 77
R. 40‑5.08........	ad. 2000 No. 77
R. 40‑5.09........	ad. 2000 No. 77
	am. 2000 No. 363; 2004 No. 218; 2009 No. 29; 2011 No. 108
R. 40‑5.10........	ad. 2000 No. 77
R. 40‑5.11........	ad. 2000 No. 77
	am. 2000 No. 110
Note 2 to r. 40‑5.11.	am. 2000 No. 110
Note 3 to r. 40-5.11.......	am. 2000 No. 110
R. 40‑5.12........	ad. 2000 No. 77
R. 40‑5.13........	ad. 2000 No. 77
	am. 2000 No. 110
Part 4‑1
Part 4‑1.........	ad. 2000 No. 49
Division 48
Div. 48 of Part 4‑1..	ad. 2000 No. 49
Subdivision 48‑A
Subdiv. 48‑A of Div. 48 of Part 4‑1	ad. 2000 No. 49
R. 48‑10.01.......	ad. 2000 No. 49
	am. 2003 No. 37
R. 48‑10.01A.....	ad. 2003 No. 37
R. 48‑10.02.......	ad. 2000 No. 49
	am. 2003 No. 37
R. 48‑10.03.......	ad. 2000 No. 49
	am. 2000 No. 268; 2003 No. 37
R. 48‑10.03A.....	ad. 2003 No. 37
R. 48‑10.04.......	ad. 2000 No. 268
	am. 2003 No. 37
Division 51
Div. 51 of Part 4‑1..	ad. 2000 No. 77
R. 51‑5.01........	ad. 2000 No. 77
	am. 2003 No. 73
Part 4‑2
Part 4‑2.........	rep. 2000 No. 77
Rr. 70‑1 to 70‑3	rep. 2000 No. 77
Part 4‑2.........	ad. 2000 No. 77
Division 70
Div. 70 of Part 4‑2..	ad. 2000 No. 77
R. 70‑5.01........	ad. 2000 No. 77
R. 70‑5.01A ......	ad. 2001 No. 48
Heading to 70‑5.02.	rs. 2001 No. 48
R. 70‑5.02........	ad. 2000 No. 77
R. 70‑5.02A......	ad. 2001 No. 48
R. 70‑5.02B......	ad. 2001 No. 48
R. 70‑5.02C......	ad. 2001 No. 48
R. 70‑5.02D......	ad. 2001 No. 48
R. 70‑5.03........	ad. 2000 No. 77
Division 78
Div. 78 of Part 4‑2..	ad. 2000 No. 77
R. 78‑105.01......	ad. 2000 No. 77
Division 79
Div. 79 of Part 4‑2..	ad. 2003 No. 190
R. 79‑35.01.......	ad. 2003 No. 190
Division 81
Div. 81 of Part 4-2.........	ad. 2011 No. 127
R. 81-10.01.............	ad. 2011 No. 127
Part 4‑7
Part 4‑7..........	ad. 2000 No. 110
Division 168
Div. 168 of Part 4‑7.	ad. 2000 No. 110
Subdivision 168‑1
Subdiv. 168‑1 of Div. 168 of Part 4‑7	ad. 2000 No. 110
R. 168‑5.01.......	ad. 2000 No. 110
	am. 2010 No. 207
R. 168‑5.02.......	ad. 2000 No. 110
R. 168‑5.03.......	ad. 2000 No. 110
R. 168‑5.04.......	ad. 2000 No. 110
R. 168‑5.05.......	ad. 2000 No. 110
Subdivision 168‑2
Subdiv. 168‑2 of Div. 168 of Part 4‑7	ad. 2000 No. 110
R. 168‑5.06.......	ad. 2000 No. 110
	am. 2010 No. 207
R. 168‑5.07.......	ad. 2000 No. 110
Subdivision 168‑3
Subdiv. 168‑3 of Div. 168 of Part 4‑7	ad. 2000 No. 110
R. 168‑5.08.......	ad. 2000 No. 110
R. 168‑5.09.......	ad. 2000 No. 110
R. 168-5.10.............	ad. 2000 No. 110
Subdivision 168–3A
Subdiv. 168–3A of Div. 168 of Part 4‑7	ad. 2010 No. 207
R. 168-5.10A............	ad. 2010 No. 207
R. 168-5.10B............	ad. 2010 No. 207
R. 168-5.10C............	ad. 2010 No. 207
Subdivision 168‑4
Subdiv. 168‑4 of Div. 168 of Part 4‑7	ad. 2000 No. 110
R. 168-5.11.............	ad. 2000 No. 110
	am. 2010 No. 207
Subdivision 168‑5
Subdiv. 168‑5 of Div. 168 of Part 4‑7	ad. 2000 No. 110
R. 168‑5.12.......	ad. 2000 No. 110
R. 168‑5.13.......	ad. 2000 No. 110
Subdivision 168‑6
Subdiv. 168‑6 of Div. 168 of Part 4‑7	ad. 2000 No. 110
R. 168‑5.14.......	ad. 2000 No. 110
R. 168‑5.15.......	ad. 2000 No. 110
R. 168‑5.16.......	ad. 2000 No. 110
R. 168‑5.17.......	ad. 2000 No. 110
Part 6‑3
Part 6‑3.........	ad. 2003 No. 190
Division 195
Div. 195 of Part 6‑3.	ad. 2003 No. 190
R. 195‑1.01.......	ad. 2003 No. 190
R. 195‑1.02.......	ad. 2007 No. 258
Schedule 1
Heading to Schedule 1.....	rs. 2000 No. 77
Schedule 1.............	am. 2000 No. 77
Renumbered as Schedule 7	2000 No. 110
Schedule 3
Schedule 3.............	ad. 2000 No. 110
Schedule 5
Schedule 5.............	ad. 2000 No. 110
Schedule 7
Schedule 7 Formerly Schedule 1	2000 No. 110
Schedule 8
Heading to Schedule 2.....	rs. 2000 No. 77
Schedule 2.............	am. 2000 No. 77
Renumbered as Schedule 8	2000 No. 110
Schedule 8 Formerly Schedule 2	2000 No. 110
Schedule 10
Schedule 10............	ad. 2000 No. 77
	am. 2002 No. 88; 2003 No. 190; 2004 No. 276
Schedule 11
Schedule 11............	ad. 2003 No. 190
Schedule 12
Schedule 12............	ad. 2007 No. 258
Dictionary
Dictionary..............	am. 2000 Nos. 49, 77, 89 and 110; 2001 No. 48; 2007 No. 258; 2011 No. 108

Table A Application, saving or transitional provisions

Selective Legislative Instrument 2010 No. 206

3 Application

The amendments made by Schedule 1 apply in relation to net amounts for tax periods starting on or after 1 July 2010.