GST issues registers
Motor vehicle industry partnershipIssue 6 - Financial supplies
6.a. What is the de minimis test?
Non-interpretative.
The de minimis test refers to the financial acquisition threshold.
Refer to Question 7: Financial services - questions and answers:
6.b. Is the de minimis threshold based on a group wide test or is the threshold based upon an entity basis only?
Non-interpretative.
Where members have grouped, the de minimis threshold is based on a group wide test. Section 48-45 of the GST Act prescribes that where members have grouped the representative member is entitled to the input tax credits.
The tests must therefore be applied to the group.
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