A New Tax System (Goods and Services Tax) Regulations 1999 (repealed)
(regulation 40-5.13)
Note 1
The examples are not to be taken as exhaustive.
Note 2
If an example is inconsistent with the description of the financial supply in the table in regulation 40-5.12 to which the example relates, the description in the table prevails.
See s 15AD of the Acts Interpretation Act 1901 .
Part 2 - Examples for item 4 in the table in regulation 40-5.12
| Item | Example |
| 1 | Supply of services by a payment system operator to a participant in the system for which the following fees are charged by the operator: |
| (a) membership fees; | |
| (b) processing fees; | |
| (c) service fees; | |
| (d) marketing fees; | |
| (e) risk management fees; | |
| (f) multi-currency fees | |
| 2 | Access to a payment system, and supply of other related services by a participant in the system to a third party |
| 3 | Supply of a service by one participant in a payment system to another participant in the system in relation to charge, credit and debit card transactions |
| 4 | Processing, settling, clearing and switching transactions of the following kinds: |
| (a) direct credit and debit; | |
| (b) other debit and credit transactions; | |
| (c) charge, credit and debit card transactions; | |
| (d) cheque; | |
| (e) electronic funds transfer; | |
| (f) ATM; | |
| (g) B-pay; | |
| (h) Internet banking; | |
| (i) GiroPost; | |
| (j) SWIFT (Society for Worldwide Interbank Financial Telecommunications) Payment Delivery System; | |
| (k) an approved RTGS (real time gross settlement) system; | |
| (l) Austraclear | |
| 5 | Supply to a participant in a payment system by the operator of the system of the following services: |
| (a) processing of account data; | |
| (b) electronic payment services |
Disclaimer and notice of copyright applicable to materials provided by CCH Australia Limited
CCH Australia Limited ("CCH") believes that all information which it has provided in this site is accurate and reliable, but gives no warranty of accuracy or reliability of such information to the reader or any third party. The information provided by CCH is not legal or professional advice. To the extent permitted by law, no responsibility for damages or loss arising in any way out of or in connection with or incidental to any errors or omissions in any information provided is accepted by CCH or by persons involved in the preparation and provision of the information, whether arising from negligence or otherwise, from the use of or results obtained from information supplied by CCH.
The information provided by CCH includes history notes and other value-added features which are subject to CCH copyright. No CCH material may be copied, reproduced, republished, uploaded, posted, transmitted, or distributed in any way, except that you may download one copy for your personal use only, provided you keep intact all copyright and other proprietary notices. In particular, the reproduction of any part of the information for sale or incorporation in any product intended for sale is prohibited without CCH's prior consent.
