A New Tax System (Goods and Services Tax) Regulations 2019
If something is supplied by an entity to a recipient directly in connection with a financial supply to the recipient by the entity, the thing is an incidental financial supply if:
(a) it is incidental to the financial supply; and
(b) it and the financial supply are supplied, at or about the same time, but not for separate consideration; and
(c) it is the usual practice of the entity to supply the thing, or similar things, and the financial supply together in the ordinary course of the entity ' s enterprise.
Note:
Section 40-5.12 does not apply in relation to incidental financial supplies. As a result, if something is both an incidental financial supply and within the scope of an item in the table in section 40-5.12 , it will still be a financial supply.
Example:
Advice, for which a separate charge is not made, in relation to a housing loan.
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