A New Tax System (Goods and Services Tax) Regulations 2019
Schedule 3 - Examples of supply that is not financial supply
Note:
See section 40-5.13 .
CLAUSE 7
7
Examples for item 20 of the table in section 40-5.12 (hire purchase)
A supply mentioned, or a supply of something mentioned, in the following table that relates to something mentioned in item 20 of the table in section
40-5.12
is an example of a supply mentioned in that section.
| Hire purchase | |
| Item | Examples |
| 1 | The credit component under a hire purchase agreement entered into on or after 1 July 2012 where the consideration is the amount of interest and associated fees and charges |
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