Document ID: chunk:federal_register_of_legislation:F2015L01569:body:0:p2
Version: federal_register_of_legislation:F2015L01569
Segment Type: other
Provision Reference: 
Character Range: 2720–4396

of Direct Entry Services for which the entity may claim an input tax credit the statement has:

   (i)             the date the entity purchased the acquisition;
             (ii)           the supplier's name (in this instance the standard three letter code identifier used within the Australian ADI industry to identify Australian ADIs is acceptable);
             (iii)         the supplier's ABN or Branch Registration Number (BRN) whichever is applicable;
             (iv)         the description "DE Fee", being the description of the acquisition;
             (v)           the amount of GST paid, (where this information cannot be supplied, the description "GST Inc" will be sufficient)
   (vi)         the total amount paid.

Situation where a tax invoice is still required

   8.    The entity will still need to obtain a tax invoice before attributing an input tax credit to a tax period for a supply of Direct Entry Services where there is an error on the statement in relation to the supply.

    Attribution of Input Tax credits

   9. Where an entity complies with the requirements listed in clause 5, an input tax credit will be attributable to the tax period in which they hold the statement mentioned in clause 5(a).

Definitions

   10. The following expressions are defined for the purposes of this determination:

      Australian ADI has the meaning given by section 9 of the Corporations   Law;

      Direct Entry Services means the processing of an entity's direct credit and direct debit files by an Australian ADI

   11. Other expressions in this determination have the same meaning as in the A New Tax System (Goods and Services Tax) Act 1999.