Private ruling: GST
Published: January 2015

Ruling: Q4: Does entity Y, in its capacity as operator/trustee of the trust X make reduced credit acquisitions pursuant to Division 70 of the A New Tax System (Goods and Services Tax) Act 1999 (GST Act) and Division 70 of Part 4.2 of the A New Tax System (Goods and Services Tax) Regulations1999 (GST Regulations) when it acquires supplies of adviser services from Advisers and accordingly, is entity Y, in its capacity as operator/trustee of the trust X entitled to a reduced input tax credit for these acquisitions?


Relevant legislative provisions: A New Tax System (Goods and Services Tax) Act 1999 Division 11 | A New Tax System (Goods and Services Tax) Act 1999 Division 70 | A New Tax System (Goods and Services Tax) Act 1999 Section 184-1 A New Tax System (Goods and Services Tax) Regulations1999 Division 70


Subject: GST: The Commissioner has ruled on each of the following questions. | Question 1: Is the trust X an 'entity' which carries on an enterprise for GST purposes? | Question 2: Does entity Y enter into agreements with financial advisers (Advisers) for the supply of adviser services in its capacity as operator/trustee of the trust X? | Question 3: Is entity Y, in its capacity as operator/trustee of the trust X, the acquirer of the supply of adviser services made by Advisers?