Private ruling: GST and financial supplies
Date of advice: 23 February 2022
Published: May 2022

Ruling: Q1: You sought a private ruling on whether you make a supply of an interest in a debt pursuant subsection 40-5.09(1) of the A New Tax System (Goods and Services Tax) Regulations 2019 (GST Regulations), and also whether the nature of the funding you received constitutes a 'recoupment' of research & development expenditure for the purpose of section 355-440 of the Income Tax Assessment Act 1997 (ITAA1997). | A1: The Commissioner has provided answers to the issues you sought clarification on. Facts and circumstances You are a party to a funding arrangement.