Private ruling: GST and Committed Liquidity Facility
Published: October 2014

Ruling: The Commissioner has ruled on each of the following questions. | 1. Is the provision of a Liquidity Facility (LF) by an entity to an Institution, the provision of a credit arrangement or right to credit for the ADI under subregulation 40-5.09(3) of the A New Tax System (Goods and Services Tax) Regulations 1999 (GST Regulations )? | 2. Would the fee received by the entity for providing access to the LF be deemed consideration for the provision of the credit arrangement or right to credit?