Goods and Services Tax Determination

GSTD 2012/5A1 - Addendum

Goods and services tax: are acquisitions related to an entity's retail foreign currency exchange transactions with customers in Australia made solely for a creditable purpose under section 11-15 of the A New Tax System (Goods and Services Tax) Act 1999 (GST Act)?

Addendum

This Addendum is a public ruling for the purposes of the Taxation Administration Act 1953. It amends Goods and Services Tax Determination GSTD 2012/5 to reflect amendments to the A New Tax System (Goods and Services Tax) Regulations 1999 (GST Regulations). In particular, the Addendum updates GSTD 2012/5 for amendments made to item 9 of the table in subregulation 40-5.09(3) of the GST Regulations.

GSTD 2012/5 is amended as follows:

1. Paragraph 14

After the paragraph; insert:


14A. Changes made to this Determination by Addenda that issued on 9 May 2018 have been incorporated into this version of the Determination.

2. Paragraph 25

Omit the first sentence; substitute:


'Item 9 of the table in subregulation 40-5.09(3) refers to an interest in or under Australian currency, the currency of a foreign country, digital currency or an agreement to buy or sell any of these three things.'

This Addendum applies on and from 1 July 2017.

Commissioner of Taxation
9 May 2018

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References

ATO references:
NO 1-DSDMI6O

ISSN: 2205-6254

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