A New Tax System (Goods and Services Tax) Regulations 2019
Chapter 3
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The exemptions
Part 3-1
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Supplies that are not taxable supplies
Division 40
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Input taxed supplies
Subdivision 40-A
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Financial supplies
SECTION 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;(a) a share or bond that is sold; and
(b) rights assigned under a derivative.
(a) a share or bond that is issued; and
(b) a derivative that is entered into.
(2)
The entity that acquires that interest is also the financial supply provider of the interest.
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.
Note 1:
Examples of interests to which paragraph (a) applies are:
Note 2:
Examples of interests to which paragraph (b) applies are:
(2)
The entity that acquires that interest is also the financial supply provider of the interest.
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