Treasury Laws Amendment (2017 Measures No. 6) Act 2017 (118 of 2017)

Schedule 1   GST treatment of digital currency

A New Tax System (Goods and Services Tax) Act 1999

29   Section 195-1 (paragraph (b) of the definition of monetary prize)

Repeal the paragraph, substitute:

(b) if the prize is given at a casino - any prize, or part of a prize, in the form of:

(i) money or digital currency; or

(ii) gambling chips that may be redeemed for money or digital currency.