Classes of Electronic Payment System Transactions Exempt In The 2017/18 Year From Providing Third Party Reports Determination 2016
Reference: OPS 2016/7
Document type: Legislative Instrument
Enabling act: Taxation Administration Act 1953
Date of issue: 11 April 2016
Signatory: Deputy Commissioner of Taxation
Registration number: F2016L00530
Registration date: 15 April 2016


1. Name of instrument: This instrument is the Classes of Electronic Payment System Transactions Exempt In The 2017/18 Year From Providing Third Party Reports Determination 2016. | 2. Commencement and Expiry: This instrument commences on 1 July 2017 and expires on 30 June 2018. | 3. Application: This instrument applies to administrators of a payment system, within the meaning of the Payment Systems (Regulation) Act 1998. | 4. Determination: Administrators of a payment system, within the meaning of the Payment Systems (Regulation) Act 1998, are not required to provide information to the Commissioner of Taxation under table item 9 in section 396-55 of Schedule 1 to the Taxation Administration Act 1953 in relation to the following transactions: • Payments processed by Bulk Electronic Clearing System Framework Participants under the Bulk Electronic Clearing System governed by Australian Payments Clearing Association Limited. • Payments processed by New Payment Platform Participants using the New Payment Platform governed by NPP Australia Limited. • Payments processed by Bulk Electronic Clearing System Framework Participants under the Bulk Electronic Clearing System governed by Australian Payments Clearing Association Limited. • Payments processed by New Payment Platform Participants using the New Payment Platform governed by NPP Australia Limited. | 5. Additional Information: This instrument does not prevent the reporting of information where not reporting it would impose an increased administrative burden on the reporting entity.