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

Chapter 3 - The exemptions  

Part 3-1 - Supplies that are not taxable supplies  

Division 40 - Input taxed supplies  

Subdivision 40-A - Financial supplies  

SECTION 40-5.06   Financial supply providers  

(1)  
An entity, in relation to the supply of an interest that was:


(a) immediately before the supply, the property of the entity; or


(b) created by the entity in making the supply; is the financial supply provider of the interest.

Note 1:

Examples of interests to which paragraph (a) applies are:

  • (a) a share or bond that is sold; and
  • (b) rights assigned under a derivative.
  • Note 2:

    Examples of interests to which paragraph (b) applies are:

  • (a) a share or bond that is issued; and
  • (b) a derivative that is entered into.
  • (2)  
    The entity that acquires that interest is also the financial supply provider of the interest.




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