Document ID: chunk:federal_register_of_legislation:F2024L00622:clause:1_5
Version: federal_register_of_legislation:F2024L00622
Segment Type: clause
Provision Reference: sch 1 cl 5
Character Range: 5801–7008

5  Exemption for certain operators of electronic distribution platforms
  The operator of an electronic distribution platform (the first platform) is not required to prepare and give a report about a reportable transaction if:
 (a) the supply was made through the first platform and at least one other electronic distribution platform interposed between the first platform and the supplier;
 (b) the operator of the first platform did not itself provide any consideration for the supply directly to the supplier;
 (c) the operator of another electronic distribution platform provided all or part of the consideration for the supply to the supplier and has a reporting obligation under table item 15 in section 396-55 in Schedule 1 to the Act in relation to the reportable transaction; and
 (d) the operator of the first platform has notified the Commissioner in writing that they would be applying this exemption on or before the later of:
 (i) the day they would otherwise be required to give a report under paragraph 396-55(b) in Schedule 1 to the Act; or
 (ii) where the operator asks the Commissioner for an extension of time and the Commissioner agrees, a day notified by the Commissioner in writing.