A New Tax System (Goods and Services Tax) Amendment Regulation 2012 (No. 1) (87 of 2012)

Supplies to recognised trust schemes

32

Supplies acquired by a recognised trust scheme, to the extent that:

(a)the supplies are acquired on or after 1 July 2012; and

(b)the supplies acquired are not:

(i)a supply by way of sale of goods or supply of real property made by:

(A)selling a freehold interest in land; or

(B)selling a stratum unit; or

(C)granting or selling a long-term lease; or

(ii)a brokerage service covered by item 9 or 21; or

(iii)a service covered by paragraph (a), (b) or (e) of item 23; or

(iv)a service covered by paragraph (a), (b), (c), (d), (e), (f), (g) or (i) of item 24; or

(v)a custodial service covered by item 29; or

(vi)a service covered by item 30; or

(vii)a service covered by item 33

Monitoring services

33

Monitoring and reporting services (other than taxation and auditing services) that:

(a)are acquired on or after 1 July 2012; and

(b)are required for compliance with the Anti-Money Laundering and Counter-Terrorism Financing Act 2006