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 40-5.11
Examples of supplies that are financial supplies
40-5.11(1)
Schedule 2 sets out examples of supplies that relate to matters mentioned in the table in subsection 40-5.09(3) .
40-5.11(2)
If an example in Schedule 2 is inconsistent with any other provision of this instrument, the provision prevails.
Schedule 2 sets out examples of supplies that relate to matters mentioned in the table in subsection 40-5.09(3) .
40-5.11(2)
If an example in Schedule 2 is inconsistent with any other provision of this instrument, the provision prevails.
Note 1:
The examples are not to be taken as exhaustive. See section 15AD of the Acts Interpretation Act 1901 .
Note 2:
Something that is within the scope of an item in the table in subsection 40-5.09(3) can be a financial supply even if it is not mentioned as an example in Schedule 2.
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