Tax Laws Amendment (2006 Measures No. 1) Act 2006 (32 of 2006)

Schedule 4   Vouchers

A New Tax System (Goods and Services Tax) Act 1999

14   Section 100-25

Repeal the section, substitute:

100-25 Meaning of voucher etc.

(1) A voucher is any:

(a) voucher, token, stamp, coupon or similar article; or

(b) *prepaid phone card or facility;

the redemption of which in accordance with its terms entitles the holder to receive supplies in accordance with its terms. However, a postage stamp is not a voucher.

(2) A prepaid phone card or facility is any article or facility supplied for the primary purpose of enabling the holder:

(a) to use, on a prepaid basis, telephone or like services supplied by a supplier of *telecommunications supplies; or

(b) to make, on a prepaid basis, acquisitions that are facilitated by using telephone or like services supplied by such a supplier.