Private ruling: Financial supplies
Date of advice: 8 April 2025
Published: 26 May 2025
Date scheme commenced: X April 20XX

Ruling: Q1: Are the payments payable either to, or by, you under the agreement consideration for a supply for the purposes of section 9-5 of the A New Tax System (Goods and Services Tax) Act 1999 (GST Act)? | A1: Yes, the payments made to you, or by you, are further consideration for the purposes of section 9-5 of the GST Act. | Q2: Are payments payable under the agreement consideration for an input taxed financial supply for the purposes of Division 40 the GST Act? | A2: Yes, you make an input taxed financial supply under section 40-5 of the GST Act of the provision of an interest in a derivative under table item 11 of subsection 40-5.09(3) of the A New Tax System (Goods and Services Tax) Regulations 2019 (GST Regulations). | Q3: Is the specific X amount payable under the agreement consideration for the supply of widgets for the purposes of section 9-5 of the GST Act? | A3: No, the specific X amount payable to you is further consideration for your input taxed financial supply of the provision of an interest in a derivative to the contracting party of the agreement.The supply of widgets by you is non-monetary consideration for the contracting party's supply of the derivative. The scheme commenced on: X April 20XX


Relevant legislative provisions: A New Tax System (Goods and Services Tax) Act 1999 section 9-5 | A New Tax System (Goods and Services Tax) Act 1999 Division 40 | A New Tax System (Goods and Services Tax) Act 1999 section 40-5 | A New Tax System (Goods and Services Tax) Regulations 2019 subsection 40-5.09