Commonwealth Numbered Regulations

A NEW TAX SYSTEM (GOODS AND SERVICES TAX) REGULATIONS 2019 (F2019L00417) - REG 40.5.08

                   For the purposes of subsection 40-5(2) of the Act, a supply is a financial supply if:

                     (a)  the supply is a financial supply under section 40-5.09 and is not excluded by section 40-5.12; or

                     (b)  the supply is an incidental financial supply under section 40-5.10.