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

Chapter 3 - The exemptions  

Part 3-1 - Supplies that are not taxable supplies  

Division 38 - GST-free supplies  

Subdivision 38-L - Precious metals  

38-385   Supplies of precious metals  

A supply of * precious metal is GST-free if:

(a) it is the first supply of that precious metal after its refining by, or on behalf of, the supplier; and

(b) the entity that refined the precious metal is a * refiner of precious metal ; and

(c) the * recipient of the supply is a * dealer in precious metal .


Any other supply of precious metal is input taxed under section 40-100 .

This information is provided by CCH Australia Limited Link opens in new window. View the disclaimer and notice of copyright.