{"id":"F2021L00597","name":"Goods and Services Tax: Waiver of Tax Invoice Requirement (eftpos Interchange Services Reports) Determination 2021","slug":"goods-and-services-tax-waiver-of-tax-invoice-requirement-eftpos-interchange-services-reports-determi","collection":"legislative_instrument","jurisdiction":"commonwealth","status":"in_force","isInForce":true,"actNumber":null,"makingDate":null,"administeringDepartment":null,"currentVersion":{"id":101777,"registerId":"commonwealth-F2021L00597-current","compilationNumber":null,"startDate":"2026-04-03","status":"InForce","reasons":null,"registeredAt":null},"sections":[{"sectionNumber":"1. Name of determination","sectionType":"part","heading":"1. Name of determination","content":"## 1. Name of determination\n\nThis determination is the Goods and Services Tax: Waiver of Tax Invoice Requirement (eftpos Interchange Services Reports) Determination 2021.","sortOrder":0},{"sectionNumber":"2. Commencement","sectionType":"part","heading":"2. Commencement","content":"## 2. Commencement\n\nThis determination commences on the day after it is registered on the Federal Register of Legislation.","sortOrder":1},{"sectionNumber":"3. Application","sectionType":"part","heading":"3. Application","content":"## 3. Application\n\nThis determination applies to an input tax credit on a creditable acquisition of an eftpos interchange service attributable to a tax period that starts on or after the date it is registered on the Federal Register of Legislation.","sortOrder":2},{"sectionNumber":"4. Determination (Who is covered by this","sectionType":"part","heading":"4. Determination (Who is covered by this Determination)","content":"## 4. Determination (Who is covered by this Determination)\n\nThis determination applies to a member of the eftpos payment system that holds an eftpos interchange services report.","sortOrder":3},{"sectionNumber":"5. Definitions","sectionType":"part","heading":"5. Definitions","content":"## 5. Definitions\n\n(1) The following expressions are defined for the purposes of this determination:\n\neftpos interchange fees means the fees paid (issuer interchange fees) or fees received (acquirer interchange fees) for the supply of eftpos interchange services.\n\neftpos interchange services means the supply of services by a member of the eftpos payment system to facilitate eftpos transactions.\n\neftpos interchange services report means a report produced by eftpos Payments Australia Limited detailing the eftpos interchange fees paid by a member to another member.\n\neftpos payment system means the payment system operated by eftpos Payments Australia Limited.\n\nGST Act means the A New Tax System (Goods and Services Tax) Act 1999.\n\nmember means a member of eftpos Payments Australia Limited.\n\n(2) Other expressions in this determination have the same meaning as in the GST Act.","sortOrder":4},{"sectionNumber":"6. Relief from requirement to hold a tax","sectionType":"part","heading":"6. Relief from requirement to hold a tax invoice","content":"## 6. Relief from requirement to hold a tax invoice\n\nFor the purposes of attributing an input tax credit for a creditable acquisition of an eftpos interchange service to a tax period, a member is not required (under subsection 29-10(3) of the GST Act) to hold a tax invoice if the requirements of section 7 of this determination are satisfied.","sortOrder":5},{"sectionNumber":"7. Requirements for relief from holding ","sectionType":"part","heading":"7. Requirements for relief from holding a tax invoice","content":"## 7. Requirements for relief from holding a tax invoice\n\nA member is not required to hold a tax invoice in order to attribute an input tax credit to a tax period provided:\n\n(a) the member holds an eftpos interchange services report that records the acquisition,\n\n(b) the eftpos interchange services report meets the requirements of section 8 of this determination, and\n\n(c) the member holds the eftpos interchange services report at the time the member gives its GST return for that tax period to the Commissioner.","sortOrder":6},{"sectionNumber":"8. Information to be contained in an eft","sectionType":"part","heading":"8. Information to be contained in an eftpos interchange services report","content":"## 8. Information to be contained in an eftpos interchange services report\n\nThe eftpos interchange services report must contain the following information:\n\n(a) the recipient's name\n\n(b) the recipient's address and/or Australian Business Number\n\n(c) the date of the report and the period to which it relates\n\n(d) for each supply recorded on the report –\n\n(i) details of interchange fees paid\n\n(ii) the quantity or extent of the supply (where applicable)\n\n(iii) the date of the supply, and\n\n(iv) the GST-inclusive amount of the supply.","sortOrder":7}],"analysis":{"kimi_summary":{"content_quality":"ok","complexity_score":2,"scope_assessment":{"changed":false,"description":"The legislation maintains its original narrow scope. It was designed specifically to reduce paperwork for eftpos interchange fee GST claims, and does exactly that without expanding into broader payment systems or general invoice waiver provisions."},"complexity_factors":["Only 5 defined terms in the interpretation section","Single, clear purpose: waiving tax invoice requirement for one specific type of transaction","Linear structure with no nested exceptions or cross-references to external legislation beyond basic GST Act definitions","Short document (8 sections) with straightforward conditional logic (if you hold X report with Y information, you don't need Z invoice)","No penalties, enforcement mechanisms, or discretionary powers"],"plain_english_summary":"This rule lets banks and other members of the eftpos payment system use an eftpos interchange services report instead of individual tax invoices to claim GST credits for interchange fees. It applies to institutions receiving that report when it contains required details (recipient, ABN, dates, fee amounts, GST-inclusive totals). The change reduces massive paperwork and simplifies GST compliance for financial institutions processing eftpos transactions."},"flash_summary_failed":{"failed":true,"reason":"A positive credit balance is required for all requests, including BYOK, so fallback providers remain available. Add credits at https://vercel.com/d?to=%2F%5Bteam%5D%2F%7E%2Fai%3Fmodal%3Dtop-up to continue.","source":"analysis-cron"},"flash_summary":{"complexity_score":3,"scope_assessment":{"changed":true,"description":"This determination narrows the GST Act's default requirement to hold a tax invoice when attributing an input tax credit (modifies application of subsection 29-10(3) of the GST Act) by allowing an eftpos interchange services report to substitute for a tax invoice where conditions are met (ss6–7). Practically: members (who pay or receive interchange fees) can rely on reports produced by eftpos Payments Australia Limited instead of separate supplier invoices, provided the report contains the specific fields listed in s8 and is retained when the member lodges its GST return (s7(c)). The change is limited in scope to eftpos interchange services and members only (s4–5)."},"complexity_factors":["Narrow subject-matter: applies only to eftpos interchange services and members of the eftpos payment system (definitions in s5 and coverage in s4).","Relies on interaction with the GST Act (explicitly modifies application of subsection 29-10(3) of the GST Act) (s6).","Clear, tiered conditions for relief (must hold the report, report must meet s8, and report must be held when lodging the GST return) (s7).","Prescribed minimum content for reports increases technical compliance requirements for report-producers and users (s8).","Timing/application rules: commencement on registration and applies to tax periods starting on/after registration (ss2–3).","No discretionary carve-outs or complex exceptions — deterministic checklist reduces interpretive ambiguity."],"plain_english_summary":"This determination lets members of the eftpos payment system use an \"eftpos interchange services report\" instead of a formal tax invoice to claim GST input tax credits for eftpos interchange services if the report contains specified transaction details and is held when the GST return is lodged.\n\nIt affects members of eftpos Payments Australia Limited by removing the tax-invoice requirement for those interchange-fee acquisitions and replacing it with a prescribed report-and-retention rule."}},"importantCases":[],"_links":{"self":"/api/acts/goods-and-services-tax-waiver-of-tax-invoice-requirement-eftpos-interchange-services-reports-determi","history":"/api/acts/goods-and-services-tax-waiver-of-tax-invoice-requirement-eftpos-interchange-services-reports-determi/history","analysis":"/api/acts/goods-and-services-tax-waiver-of-tax-invoice-requirement-eftpos-interchange-services-reports-determi/analysis","conflicts":"/api/acts/goods-and-services-tax-waiver-of-tax-invoice-requirement-eftpos-interchange-services-reports-determi/conflicts","importantCases":"/api/acts/goods-and-services-tax-waiver-of-tax-invoice-requirement-eftpos-interchange-services-reports-determi/important-cases","documents":"/api/acts/goods-and-services-tax-waiver-of-tax-invoice-requirement-eftpos-interchange-services-reports-determi/documents"}}