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

Schedule 2 - Examples of financial supply  

1   1   Examples for item 1 of the table in subsection 40-5.09(3) (accounts)  
A supply mentioned, or a supply of something mentioned, in the following table that relates to the matter mentioned in item 1 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.


Accounts
Item Examples
1 Opening, keeping, operating, maintaining and closing of cheque, debit card, deposit and savings accounts for account holders
2 Cash collection, handling and sorting for account holders by account providers
3 ATM, electronic and telephone operation of accounts
4 Supply of standard cheque and deposit books for account holders
5 Supply of debit and smart cards
6 Cashing cheques and payment orders
7 Preparation, reconciliation and replacement of account statements
8 Notification of dishonoured transactions and unpaid fees
9 Stopping payment of cheques
10 Operation of authorised overdraft facilities
11 Unauthorised usage of overdraft facilities
12 Retention and storage of vouchers
13 Making information about accounts available
14 Garnishee of accounts
15 Recovery of Commonwealth, State and Territory fees, duties and taxes
16 Audit confirmation of accounts
17 Electronic funds transfer
18 Money transfer for account holders
19 Making disbursements for account holders




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