Document ID: chunk:federal_register_of_legislation:C2017A00118:clause:1_27
Version: federal_register_of_legislation:C2017A00118
Segment Type: clause
Provision Reference: sch 1 cl 27
Character Range: 9003–9911

27  Section 195‑1
Insert:
digital currency means digital units of value that:
 (a) are designed to be fungible; and
 (b) can be provided as *consideration for a supply; and
 (c) are generally available to members of the public without any substantial restrictions on their use as consideration; and
 (d) are not denominated in any country's currency; and
 (e) do not have a value that depends on, or is derived from, the value of anything else; and
 (f) do not give an entitlement to receive, or to direct the supply of, a particular thing or things, unless the entitlement is incidental to:
 (i) holding the digital units of value; or
 (ii) using the digital units of value as consideration;
but does not include:
 (g) *money; or
 (h) a thing that, if supplied, would be a *financial supply for a reason other than being a supply of one or more digital units of value to which paragraphs (a) to (f) apply.