Document ID: chunk:federal_register_of_legislation:F2022L01557:body:0:p2
Version: federal_register_of_legislation:F2022L01557
Segment Type: other
Provision Reference: 
Character Range: 3108–4698

except where that payment:

                  (i)                  is received by a payee under a PayTo Agreement;

                  (ii)                is a successful payment initiation; and

                  (iii)              is processed after 1 July 2022;

             (l)                  processed by New Payments Platform Participants governed by New Payments Platform Australia Limited, where the administrator reasonably believes that the same transaction has been reported to the Commissioner by another entity under a reporting requirement in Schedule 1 to the TAA;

             (m)             processed by an administrator, where the payer, the payee and the administrator (which may be the payer, the payee, or neither) are all members of the same consolidated group (within the meaning of section 703-5 of the Income Tax Assessment Act 1997) and the same GST group (within the meaning of section 195-1 of the A New Tax System (Goods and Services Tax) Act 1999); or

             (n)               made as a loan repayment, chattel mortgage repayment, hire purchase payment or finance lease payment.

    4.                  Additional information

    This instrument does not prevent the reporting of information.

         Note: For example, an entity may wish to report on transactions that are exempted by this instrument, together with other information that it is required to report under the TAA, if it is administratively efficient to do so.

    5.                  Repeal

    The instrument that is specified in Schedule 1 to this instrument is repealed.