A New Tax System (Goods and Services Tax) Regulations 1999 (repealed)

Part 3-1 - Supplies that are not taxable supplies  

Division 40 - Input taxed supplies  

Subdivision 40-A - Financial supplies  

40-5.11   40-5.11   Examples of supplies that are financial supplies  
Something mentioned in a Part of Schedule 7 that relates to a financial supply mentioned in an item in the table in regulation 40-5.09 , or to an incidental financial supply, is an example of the financial supply mentioned in the item or of the incidental financial supply.

Note 1

The examples are not to be taken as exhaustive.

Note 2

If an example in Schedule 7 is inconsistent with the description in this Division of the financial supply to which the example relates, the description prevails.

See section 15AD of the Acts Interpretation Act 1901 .

Note 3

Something that is within the scope of an item in the table in regulation 40-5.09 will be a financial supply described in that item even if it is not mentioned as an example of the item set out in the Part of Schedule 7 relating to the item.


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