A New Tax System (Goods and Services Tax) Regulations 1999 (repealed)
The examples are not to be taken as exhaustive.
If an example is inconsistent with the description of the financial supply in the table in regulation 40-5.12 to which the example relates, the description in the table prevails.
See s 15AD of the Acts Interpretation Act 1901 .Part 2 - Examples for item 4 in the table in regulation 40-5.12
|1||Supply of services by a payment system operator to a participant in the system for which the following fees are charged by the operator:|
|(a) membership fees;|
|(b) processing fees;|
|(c) service fees;|
|(d) marketing fees;|
|(e) risk management fees;|
|(f) multi-currency fees|
|2||Access to a payment system, and supply of other related services by a participant in the system to a third party|
|3||Supply of a service by one participant in a payment system to another participant in the system in relation to charge, credit and debit card transactions|
|4||Processing, settling, clearing and switching transactions of the following kinds:|
|(a) direct credit and debit;|
|(b) other debit and credit transactions;|
|(c) charge, credit and debit card transactions;|
|(e) electronic funds transfer;|
|(h) Internet banking;|
|(j) SWIFT (Society for Worldwide Interbank Financial Telecommunications) Payment Delivery System;|
|(k) an approved RTGS (real time gross settlement) system;|
|5||Supply to a participant in a payment system by the operator of the system of the following services:|
|(a) processing of account data;|
|(b) electronic payment services|
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