Document ID: chunk:federal_register_of_legislation:C2025C00126:section:5:p24
Version: federal_register_of_legislation:C2025C00126
Segment Type: section
Provision Reference: s 5 (pt 24/33)
Character Range: 590349–592971

monetary value is not subject to GST. GST may still be payable on the supply for which the voucher is redeemed, and there is an increasing adjustment for unredeemed vouchers.
Note: Vouchers that do not have a stated monetary value can be subject to GST when supplied, but the price of the voucher is excluded when working out the GST on the supply for which the voucher is redeemed (see subsection 9‑17(1)).

100‑5  Supplies of vouchers with a stated monetary value
 (1) A supply of a *voucher is not a *taxable supply if:
 (a) on redemption of the voucher, the holder of the voucher is entitled to supplies up to the *stated monetary value of the voucher; and
 (b) the *consideration for supply of the voucher does not exceed the stated monetary value of the voucher.
 (2) If the *consideration for supply of the voucher exceeds the *stated monetary value of the voucher, the consideration is treated (except for the purposes of this section) as if it were reduced by that monetary value.
 (2A) The stated monetary value, in relation to a *voucher other than a *prepaid phone card or facility, means the monetary value stated on the voucher or in documents accompanying the voucher.
 (2B) The stated monetary value, in relation to a *voucher that is a *prepaid phone card or facility, means the sum of:
 (a) in any case—the monetary value stated on the voucher or in documents accompanying the voucher; and
 (b) if the voucher is topped up after it is supplied—the monetary value of the top‑up stated on the voucher or in documents accompanying the top‑up.
However, disregard the monetary value stated on the voucher (or in documents accompanying the voucher) or top‑up (as the case requires), of any bonus supplies covered by the voucher or top‑up (as the case requires).
 (3) This section has effect despite section 9‑5 (which is about what are taxable supplies) and section 9‑15 (which is about consideration).

100‑10  Redemption of vouchers
 (1) The act of redeeming a *voucher is not a supply.
Note: A supply for which the voucher is redeemed is still a supply.
 (2) Subsection (1) has effect despite section 9‑10 (which is about what is a supply).
 (3) Subsection 9‑17(1) (which is about the consideration for exercising rights or options) does not apply to a right or option that is granted by way of a *voucher if, on redemption of the voucher, the holder of the voucher is entitled to supplies up to the *stated monetary value of the voucher.

100‑12  Consideration on redemption of vouchers
 (1) To avoid doubt, the consideration for a *taxable supply of a thing acquired by fully redeeming a *voucher is taken