A New Tax System (Goods and Services Tax) Regulations 2019
Note:
See section 40-5.11 .
CLAUSE 2 2 Examples for item 2 of the table in subsection 40-5.09(3) (debt and credit)A supply mentioned, or a supply of something mentioned, in the following table that relates to the matter mentioned in item 2 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.
| Debt and credit | |
| Item | Examples |
| 1 | Borrowing and lending, including establishing, maintaining and discharging loans |
| 2 | Opening, keeping, operating, maintaining and closing charge and credit card facilities |
| 3 | Supply of credit cards |
| 4 | Establishing, operating and terminating letters of credit |
| 5 | Right to an income stream under a securitisation arrangement |
| 6 | Recovery of Commonwealth, State and Territory fees, duties and taxes |
| 7 | Recovery of lenders mortgage insurance fees |
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