Private ruling: Financial supplies made under two agreements
Date of advice: 4 September 2023
Published: 14 October 2024
Date scheme commenced: DD Month YYYY

Ruling: Q1: Is the supply of a credit facility made under two agreements a single supply of a credit arrangement which is an input taxed financial supply for GST purposes? | A1: Yes. The credit facility made under two agreements is a single supply of a credit arrangement which is an input taxed financial supply for GST purposes. The scheme commenced on: DD Month YYYY


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