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Edited version of your written advice
Authorisation Number: 1012685321968
Ruling
Subject: GST and stored value cards
The ruling concerned GST and stored value cards, and the Commissioner has ruled on the following questions:
Question 1
Are the supplies made by you in respect to the cards the supply of an interest in or under an account made available by an Australian ADI in accordance with item 1 or a supply of an interest in or under a debt in accordance with item 2 of the table in subregulation 40-5.09(3) of the GST Regulations and therefore input taxed in accordance with section 40-5 of the GST Act?
Answer
No.
Question 2
Are the supplies made by you in respect to the debit cards the supply of an interest in or under an account in accordance with item 1 or a supply of an interest in or under a debt in accordance with item 2 of the table in subregulation 40-5.09(3) of the GST Regulations and therefore input taxed in accordance with section 40-5 of the GST Act?
Answer
No.