This Draft GST Determination, issued Wed 2.4.2014, states that the supply of a credit card facility will be GST-free under para (a) of Item 4 in s 38-190(1) of the GST Act to the extent it is intended that the cardholder will use the facility to undertake a transaction when they are physically outside Australia. This is provided that the cardholder’s location outside Australia is integral to the relevant use of the credit card facility.
DATE OF EFFECT: When the final GST Determination is issued, it is proposed to apply both before and after its date of issue.
Comments are due by 2 May 2014. ATO Contact: Laurie Robinson – Tel: (07) 3213 5688; Fax: (07) 3119 9844; Email: laurie.robinson@ato.gov.au.
[LTN 49, 13/3/14]