A New Tax System (Goods and Services Tax) Regulations 1999 (repealed)
Schedule 7 - Examples of financial supply
(regulation 40-5.11 )
The examples are not to be taken as exhaustive.
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 9 - Examples for item 11 in the table in regulation 40-5.09
|1||Forward contracts, futures contracts, swap contracts and options contracts the value of which depends on, or is derived from:
(a) the price of debt securities or debt securities index values or
interest rates; or
(b) foreign exchange or currency values or currency index
(c) share or stock prices or equity index values; or
(d) credit spreads or credit events, including:
(i) default; and
(ii) other forms of financial distress; and
(iii) credit index values; or
(e) macroeconomic indicators or variables; or
(f) climatic events or indexes
|2||Commodity derivatives that involve no option, right or obligation to delivery of the commodity, such as electricity derivatives|
|3||Reciprocal repurchase agreements|
|4||Options over input taxed supply of precious metals|
|5||Securities lending agreements|
|6||Initial and variation margins in respect of exchange traded futures contracts|
|7||Cash settlement of a derivative over the counter or on the exchange rather than the physical delivery of the underlying taxable assets|
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