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
4 Subsection 11-10(3)
Repeal the subsection, substitute:
(3) However, acquisition does not include:
(a) an acquisition of *money unless the money is provided as *consideration for a supply that is a supply of money or *digital currency; or
(b) an acquisition of digital currency unless the digital currency is provided as consideration for a supply that is a supply of digital currency or money.