Private ruling: Financial assistance payments and GST
Date of advice: 12 February 2019
Published: May 2019

Ruling: Q1: Does the funding provided by the applicant under the Program constitute ‘consideration for a supply’ for the purpose of the A New Tax System (Goods and Services Tax) Act 1999 (the GST Act)? | A1: Yes. | Q2: Is the funding provided by the applicant to government related entities under the Program an appropriation for the purpose of the GST Act therefore no GST should be included in the funding? | A2: Yes.

Relevant facts and circumstances: The applicant provides funding as part of the Program to other entities.

Relevant legislative provisions: A New Tax System (Goods and Services Tax) Act 1999 Paragraph 9-15(3)(c) | A New Tax System (Goods and Services Tax) Act 1999 Section 9-17 | A New Tax System (Goods and Services Tax) Act 1999 Subsection 9-17(3)