A New Tax System (Goods and Services Tax) Regulations 1999 (repealed)

Schedule 7 - Examples of financial supply  

(regulation 40-5.11 )

Note 1

The examples are not to be taken as exhaustive.

Note 2

If an example is inconsistent with the description of the financial supply in the item in the table in regulation 40-5.09 to which the example relates, the description prevails.

See s 15AD of the Acts Interpretation Act 1901 .

Part 7 - Examples for item 9 in the table in regulation 40-5.09  

Item Example
1 Foreign currency in cash form
2 Foreign currency drafts
3 Travellers cheques
4 International cheques
5 Collection, negotiation and endorsement of instruments (including cheques) for payment in foreign currency, including message services
6 Forward contracts for transactions to buy or sell foreign currency
7 Options to buy or sell foreign currency
8 Conversion of Australian currency into foreign currency and conversion of foreign currency into Australian currency

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