A New Tax System (Goods and Services Tax) Amendment Regulations 2009 (No. 1) (Cth)

A New Tax System (Goods and Services Tax) Amendment Regulations 2009 (No. 1)¹

Select Legislative Instrument 2009 No. 29

I, QUENTIN BRYCE, Governor-General of the Commonwealth of Australia, acting with the advice of the Federal Executive Council, make the following Regulations under the A New Tax System (Goods and Services Tax) Act 1999.

Dated 25 February 2009

QUENTIN BRYCE

Governor-General

By Her Excellency’s Command

CHRIS BOWEN

Assistant Treasurer

Name of Regulations

These Regulations are the A New Tax System (Goods and Services Tax) Amendment Regulations 2009 (No. 1).

Commencement

These Regulations commence on 3 March 2009.

Amendment of A New Tax System (Goods and Services Tax) Regulations 1999

Schedule 1 amends the A New Tax System (Goods and Services Tax) Regulations 1999.

Schedule 1 Amendment

(regulation 3)

[1] After subregulation 40-5.09 (4)

insert

(4A)A supply by an entity for a fee of not more than $1 000 is a financial supply if it is a supply of 1 or more of the following ATM services:

(a)a withdrawal from an account;

(b)a deposit into an account;

(c)an electronic transfer from an account;

(d)advice of the balance of an account.

Note

All legislative instruments and compilations are registered on the Federal Register of Legislative Instruments kept under the Legislative Instruments Act 2003. See