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 40-5.08
40-5.08
When supply may be financial supply
For the purposes of subsection 40-5(2) of the Act, a supply is a financial supply if:
(a) the supply is a financial supply under section 40-5.09 and is not excluded by section 40-5.12 ; or
(b) the supply is an incidental financial supply under section 40-5.10 .
For the purposes of subsection 40-5(2) of the Act, a supply is a financial supply if:
(a) the supply is a financial supply under section 40-5.09 and is not excluded by section 40-5.12 ; or
(b) the supply is an incidental financial supply under section 40-5.10 .
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