A New Tax System (Goods and Services Tax) Regulations 2019
Note:
See section 40-5.11 .
CLAUSE 1 1 Examples for item 1 of the table in subsection 40-5.09(3) (accounts)A supply mentioned, or a supply of something mentioned, in the following table that relates to the matter mentioned in item 1 of the table in subsection 40-5.09(3) , or to an incidental financial supply, is an example of a supply of an interest in or under that matter, or of an incidental financial supply.
| Accounts | |
| Item | Examples |
| 1 | Opening, keeping, operating, maintaining and closing of cheque, debit card, deposit and savings accounts for account holders |
| 2 | Cash collection, handling and sorting for account holders by account providers |
| 3 | ATM, electronic and telephone operation of accounts |
| 4 | Supply of standard cheque and deposit books for account holders |
| 5 | Supply of debit and smart cards |
| 6 | Cashing cheques and payment orders |
| 7 | Preparation, reconciliation and replacement of account statements |
| 8 | Notification of dishonoured transactions and unpaid fees |
| 9 | Stopping payment of cheques |
| 10 | Operation of authorised overdraft facilities |
| 11 | Unauthorised usage of overdraft facilities |
| 12 | Retention and storage of vouchers |
| 13 | Making information about accounts available |
| 14 | Garnishee of accounts |
| 15 | Recovery of Commonwealth, State and Territory fees, duties and taxes |
| 16 | Audit confirmation of accounts |
| 17 | Electronic funds transfer |
| 18 | Money transfer for account holders |
| 19 | Making disbursements for account holders |
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