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Ruling
Subject: GST and rewards programme
Questions
1. Can the Commissioner confirm that the payment of a Contribution Amount by a Participant into a Trust is consideration for a taxable supply under section 9-5 of the A New Tax System (Goods and Services Tax) Act 1999 (GST Act)?
2. Will the Commissioner provide transitional relief for a particular agreement that does not provide for the recovery of GST on the Contribution Amount by a Participant into a Trust?
Answers
1. The Commissioner ruled on the status of the Contribution Amount by a Participant into a trust.
2. The Commissioner ruled on the transitional relief for a particular agreement that does not provide for the recovery of the GST on the Contribution Amount by a Participant into a Trust.
Relevant legislative provisions
A New Tax System (Goods and Services Tax) Act 1999 section 9-5.
A New Tax System (Goods and Services Tax) Act 1999 section 9-15.
Taxation Administration Act 1953 section 359-25.
Taxation Administration Act 1953 section 359-55.