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A New Tax System (Goods and Services Tax) Act 1999
100‑10 Redemption of vouchers100‑10 Redemption of vouchers
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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.