Private ruling: Goods and services tax and importation of precious metal
Date of advice: 19 January 2021
Published: March 2021
Ruling period: Period ending 31 March 20XX
Date scheme commenced: 1 November 20XX

Ruling: Q1: Is your importation of the 2016 ½ Oz Australia Lunar Monkey Colourised Silver Bullion Coins a non-taxable importation under subsection 13-10(b) of the A New Tax System (Goods and Services Tax) Act 1999 (GST Act)? | A1: Yes.

Relevant facts and circumstances: You have bought some silver coins and are importing these coins into Australia. The coins you purchased are the "2016 ½ Oz Australia Lunar Monkey Colourised 999 Silver Bullion Coins".

Relevant legislative provisions: A New Tax System (Goods and Services Tax) Act 1999 Subsection 13-10(b); | A New Tax System (Goods and Services Tax) Act 1999 Section 38-385; | A New Tax System (Goods and Services Tax) Act 1999 Section 40-100; | A New Tax System (Goods and Services Tax) Act 1999 Section 195-1.