OPS 2016/7

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AUSTRALIAN GOVERNMENT

This legislative instrument has been repealed by F2017L00631

Taxation Administration Act 1953

I, Greg Williams, Deputy Commissioner of Taxation, make this determination under subsection 396-70(4) of Schedule 1 to the Taxation Administration Act 1953.

Legislative Instrument

1. Name of instrument

This instrument is the Classes of Electronic Payment System Transactions Exempt In The 2017/18 Year From Providing Third Party Reports Determination 2016.

2. Commencement and Expiry

This instrument commences on 1 July 2017 and expires on 30 June 2018.

3. Application

This instrument applies to administrators of a payment system, within the meaning of the Payment Systems (Regulation) Act 1998.

4. Determination

Administrators of a payment system, within the meaning of the Payment Systems (Regulation) Act 1998, are not required to provide information to the Commissioner of Taxation under table item 9 in section 396-55 of Schedule 1 to the Taxation Administration Act 1953 in relation to the following transactions:

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Payments processed by Bulk Electronic Clearing System Framework Participants under the Bulk Electronic Clearing System governed by Australian Payments Clearing Association Limited.

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Payments processed by New Payment Platform Participants using the New Payment Platform governed by NPP Australia Limited.

5. Additional Information

This instrument does not prevent the reporting of information where not

reporting it would impose an increased administrative burden on the reporting entity.

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Dated: 11 April 2016

Deputy Commissioner of Taxation

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Registration Number: F2016L00530

Registration Date: 15 April 2016

Related Explanatory Statements:

OPS 2016/7 - Explanatory statement

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