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You cannot rely on this record in your tax affairs. It is not binding and provides you with no protection (including from any underpaid tax, penalty or interest). In addition, this record is not an authority for the purposes of establishing a reasonably arguable position for you to apply to your own circumstances. For more information on the status of edited versions of private advice and reasons we publish them, see PS LA 2008/4.

Edited version of private advice

Authorisation Number: 1051963968168

Date of advice: 8 March 2024

Ruling

Subject: GST - and financial supplies

Question

You wrote to the Commissioner seeking clarification on matters in relation to a proposed arrangement that you are a party to concerning the provision of XXXX services.

Answer

The Commissioner has provided answers to the issues you sought clarification on.

Facts and circumstances

You are a party to a proposed arrangement concerning the provision of XXXX services.

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 9-40

A New Tax System (Goods and Services Tax) Act 1999 section 40-5

A New Tax System (Goods and Services Tax) Regulations 2019 section 40-5.09