Commonwealth legislation

A New Tax System (Goods and Services Tax) Waiver of Tax Invoice Requirement Determination (No. 8) 2004 - Corporate Account Holder of Qantas Charge Card Qantas Airways Limited

RepealedCTH

This Act has been repealed and is no longer in force. It is retained for historical reference.

Jurisdiction

Commonwealth

Collection

legislative instrument

Plain English Summary

2/10 complexity

What this does: This determination gives businesses that hold a Qantas corporate charge card a shortcut for claiming GST refunds.

Normally, businesses must keep a tax invoice (a document showing GST paid) to claim back GST from the ATO. This rule allows Qantas corporate account holders to use their monthly card statement instead of collecting individual tax invoices for each purchase.

The catch: You still need a proper tax invoice if:

The statement shows the purchase might be a mixed supply (meaning only part of it has GST, like buying something GST-free bundled with a taxable service); or
There's an error on the statement.

Who it affects: Companies and entities that hold a corporate Qantas account (not personal credit cards).

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Current sections

Direct links to the current provisions in A New Tax System (Goods and Services Tax) Waiver of Tax Invoice Requirement Determination (No. 8) 2004 - Corporate Account Holder of Qantas Charge Card Qantas Airways Limited.

Situations where a tax invoice is still

Situations where a tax invoice is still required

The Corporate Account Holder will still need to obtain a tax invoice before attributing input tax credits to a tax period for a supply on the corporate card statement where:

(a) the corporate account statement indicates that the supply may be a mixed supply or a taxable supply where GST is not 1/11th of the price; or

(b) where there is an error on the corporate account statement in relation to the supply.

Definitions

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

the Act means the A New Tax System (Goods and Services Tax) Act 1999.

Person(s) who uses the corporate account includes a partner, sole trader, contractor, director or employee of an entity.

Corporate account statement is a statement of liability that is issued by Qantas Airways Limited to one of its clients.

Corporate account is an account that is issued to and in the name of an entity and is used to purchase goods and services for commercial purposes.

Acquirer is a financial institution that signs a merchant and is responsible for settlement to the merchant of card transactions processed through that merchant.

Corporate Account Holder is the registered entity that is a corporate holder of the corporate account of Qantas Airways Limited.

Mixed supply is a supply of 1 or more taxable supplies and any one of the following supplies:

a supply that is GST-free or input taxed;
a supply that was made before 1 July 2000.

Merchant means an entity that supplies Qantas related services.

Other expressions in this determination have the same meaning as in the Act.

Dated this 9th day of July 2004.

Signed by Anthony Long
ASSISTANT DEPUTY COMMISSIONER OF TAXATION
Goods and Services Tax (Financial Supplies & Insurance)

Source text

Sourced from the Federal Register of Legislation (legislation.gov.au), CC BY 4.0.

Situations where a tax invoice is still Situations where a tax invoice is still required