A New Tax System (Goods and Services Tax) Regulations 1999 (repealed)
Schedule 8
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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 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; | |
| (l) 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 |
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