A New Tax System (Goods and Services Tax) Regulations 2019

Schedule 2 - Examples of financial supply  


See section 40-5.11 .


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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