Document ID: chunk:federal_register_of_legislation:F2020L00046:body:0:p5
Version: federal_register_of_legislation:F2020L00046
Segment Type: other
Provision Reference: 
Character Range: 13112–15379

tax invoice will be marked prominently or be easily identifiable as having resulted from an electronic purchasing system transaction.

    12.              Data matching provider requirements for matched data files

    (1) Where the data matching provider has reason to consider any information set out in paragraph 7(d) is not accurate, the data matching provider must not include that information in the matched data file.

    (2) The data matching provider must retain a copy of the matched data file for a period of 5 years from the date of the last supply recorded on that file.

    13.              Cardholder requirements

    The cardholder must have in place:

             (a)               an effectively regulated corporate policy (that includes the retention of documentary evidence) for determining the extent of creditable purpose for acquisitions made on the Visa Purchasing Card that are wholly or partly of a private or domestic nature, and

             (b)               an effectively regulated corporate policy that ensures a tax invoice and the matched data file are not incorrectly used to claim input tax credits twice for a single creditable acquisition.

    14.              Situations where a tax invoice is still required

    The cardholder must hold a tax invoice before attributing input tax credits to a tax period (if required by subsection 29-10(3) of the GST Act) for a creditable acquisition recorded on a matched data file where:

             (a)               if the cardholder-data method is used, a requirement set out in section 8 is not satisfied in relation to that supply, or

             (b)               there is an error on the matched data file in relation to that acquisition.

    15.              Reimbursement of employees etc

    If the cardholder has a creditable acquisition because of section 111-5 of the GST Act:

             (a)               they are taken to meet the requirements of paragraph 6(1)(a) if they hold a matched data file that includes the details at section 7 for the expense for which reimbursement is paid, and

             (b)               any reference to a creditable acquisition in section 7 is taken to be a reference to the expense for which reimbursement is paid.