Document ID: chunk:federal_register_of_legislation:F2024L00622:clause:1_7
Version: federal_register_of_legislation:F2024L00622
Segment Type: clause
Provision Reference: sch 1 cl 7
Character Range: 7625–9910

7  Exemption for transactions involving certain types of supplies
  The operator of an electronic distribution platform is not required to prepare and give a report about a reportable transaction if:
 (a) the transaction involved the provision of consideration relating to a substantial property;
 (b) the following conditions are met:
 (i) the supplier has provided the operator with one or more addresses, and none of those addresses are within the indirect tax zone;
 (ii) the supply was of a service that was not provided within the indirect tax zone;
 (iii) the consideration provided to the supplier was not paid to an account held with a financial institution in the indirect tax zone; and
 (iv) there is no other information available to the operator that indicates that the supplier is a resident of Australia;
 (c) the transaction was a mere booking or reservation for a supply to be made in the future, where:
 (i) the consideration for the supply was not specified at the time the booking or reservation was made;
 (ii) the consideration for the supply will not be provided via the platform; and
 (iii) the operator of the platform will not have visibility of whether the supply is made in practice, or whether consideration is provided for the supply;
 (d) the transaction involved the supply of a scheduled passenger travel service other than a charter service or taxi travel, where the supplier had made at least 10 places for that service available for booking on the platform;
 (e) the transaction involved the supply of a right to attend or participate in a scheduled event, where the supplier had made at least 200 places for that event available for booking on the platform;
 (f) the transaction involved the supply of a right to attend or participate in a permanent attraction or experience, where the supplier had made at least 50 places for that attraction or experience available for booking on the platform each day it was open during the reporting period; or
 (g) the transaction involved the supply of an asset by way of rent or lease, other than real property, where:
 (i) the transaction was not for the supply of a specific asset; and
 (ii) the supplier had at least 50 assets available for booking on the platform each day during the reporting period.