A New Tax System (Goods and Services Tax) Regulations 1999 (repealed)
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
40-5.11
40-5.11
Examples of supplies that are financial supplies
Something mentioned in a Part of Schedule 7 that relates to a financial supply mentioned in an item in the table in regulation 40-5.09 , or to an incidental financial supply, is an example of the financial supply mentioned in the item or of the incidental financial supply.
Something mentioned in a Part of Schedule 7 that relates to a financial supply mentioned in an item in the table in regulation 40-5.09 , or to an incidental financial supply, is an example of the financial supply mentioned in the item or of the incidental financial supply.
Note 1
The examples are not to be taken as exhaustive.
Note 2
If an example in Schedule 7 is inconsistent with the description in this Division of the financial supply to which the example relates, the description prevails.
See section 15AD of the Acts Interpretation Act 1901 .
Note 3
Something that is within the scope of an item in the table in regulation 40-5.09 will be a financial supply described in that item even if it is not mentioned as an example of the item set out in the Part of Schedule 7 relating to the item.
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