Goods and Services Tax: Waiver of Tax Invoice Requirement (Corporate Card Statements) No. 2 Determination 2020 (Cth)

Legislative Instrument

Goods and Services Tax: Waiver of Tax Invoice Requirement (Corporate Card Statements) No. 2 Determination 2020

I, Louise Clarke, Deputy Commissioner of Taxation, make this determination under subsection 29-10(3) of the A New Tax System (Goods and Services Tax) Act 1999.

Signed by Louise Clarke Deputy Commissioner of Taxation Dated: 23 November 2020

1. Name of instrument This determination is the Goods and Services Tax: Waiver of Tax Invoice Requirement (Corporate Card Statements) No. 2 Determination 2020.

2. Commencement This determination is taken to have commenced on 11 February 2020, the day after the previous determination was registered on the Federal Register of Legislation.

3. Application This determination applies to net amounts for tax periods that start on or after 10 February 2020, being the application date in the previous determination.

4. Determination (Who is covered by this 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: