Goods and Services Tax: Waiver of Adjustment Note Requirement (Corporate Card Statements) Determination 2020 (Cth)

Legislative Instrument

Goods and Services Tax: Waiver of Adjustment Note Requirement (Corporate Card Statements) Determination 2020

I, Louise Clarke, Deputy Commissioner of Taxation, Policy, Analysis and Legislation, make this determination under subsection 29-20(3) of the A New Tax System (Goods and Services Tax) Act 1999.

Louise Clarke Deputy Commissioner of Taxation Dated: 2/12/2019

1. Name of determination

This determination is the Goods and Services Tax: Waiver of Adjustment Note Requirement (Corporate Card Statements) Determination 2020.

2. Commencement This determination commences on the day after it is registered on the Federal Register of Legislation.

3. Repeal of previous determination

This determination repeals and replaces Goods and Services Tax: Waiver of Adjustment Note Requirement (Corporate Card Statements) Determination 2018 (F2018L01352) registered on 27 September 2018.

4. Determination

This determination applies to corporate card statement cardholders.

5. Definitions

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

Acquirer is an entity that signs a merchant and is responsible for settlement to the merchant in respect of corporate card transactions acquired from that merchant.

Cardholder is the entity participating in an arrangement under which the corporate card is issued to that entity, or other entities at its request.

Corporate card is a card, or an account (where a physical card may not be issued), that is issued to and in the name of an entity or other entities at its request, and is intended to be used to purchase goods and services for commercial purposes.

Corporate card provider is:

(a) any of the following entities: