A New Tax System (Goods and Services Tax Transition) Act 1999

Part 5 - Special transitional rules  

24C   Supplies from certain coin-operated devices may be input taxed  

(1)    
A supply of tangible personal property or a service from a mechanical coin-operated device is input taxed if:


(a) the maximum consideration for the supply is $1 and is paid by depositing up to 2 coins in the device; and


(b) the device accepts only one denomination of coin and does not give change; and


(c) the device was operating on 1 July 2000; and


(d) the supply is made before 1 July 2005; and


(e) the supply is not a gambling supply; and


(f) you choose to have all of your supplies made from the device on or after 1 July 2000 treated as input taxed.

Note:

If a supply is input taxed, there is no entitlement to an input tax credit for the things that are acquired or imported to make the supply (see sections 11-15 and 15-10 of the GST Act).


(2)    
However, if you revoke the choice, you can no longer choose to have all of your supplies from the device treated as input taxed.



 

Disclaimer and notice of copyright applicable to materials provided by CCH Australia Limited

CCH Australia Limited ("CCH") believes that all information which it has provided in this site is accurate and reliable, but gives no warranty of accuracy or reliability of such information to the reader or any third party. The information provided by CCH is not legal or professional advice. To the extent permitted by law, no responsibility for damages or loss arising in any way out of or in connection with or incidental to any errors or omissions in any information provided is accepted by CCH or by persons involved in the preparation and provision of the information, whether arising from negligence or otherwise, from the use of or results obtained from information supplied by CCH.

The information provided by CCH includes history notes and other value-added features which are subject to CCH copyright. No CCH material may be copied, reproduced, republished, uploaded, posted, transmitted, or distributed in any way, except that you may download one copy for your personal use only, provided you keep intact all copyright and other proprietary notices. In particular, the reproduction of any part of the information for sale or incorporation in any product intended for sale is prohibited without CCH's prior consent.