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Financial supplies workshop - Scenarios and suggested answers paper


Managing the GST implications of financial supplies involves a constant revisiting and revising of old issues, as well as adaptation to new legislation, regulations and administrative practices. This workshop paper explores some of the issues currently affecting both financial institutions and any enterprise that deals with them. Topics covered include:

  • characterising and differentiating products
  • GST-free exports of financial supplies
  • implementation of item 32
  • debt recovery
  • creditable and reduced credit acquisitions.

Author profiles:

Anthony Fitzgerald
Anthony is Head of Indirect Tax at National Australia Bank (NAB). He is a Chartered Accountant with extensive experience in indirect tax and has responsibility for GST, employment taxes and stamp duty within the NAB Group. Prior to joining NAB, Anthony was a Partner in a boutique indirect tax practice in Melbourne for 10 years, consulting to large businesses across a broad range of industries. Current at 05 September 2013 Click here to expand/collapse more articles by Anthony FITZGERALD.
Michelle Bennett CTA
Michelle is a Partner in the Indirect Tax team of KPMG’s Melbourne office, specialising in GST and stamp duty. Prior to joining KPMG in 2006 her experience included nine years in the tax team of a leading national law firm, working in both Sydney and Melbourne. Long-term secondments to the internal tax teams at two major ASX-listed corporations have ensured Michelle has an appreciation of the practical issues of tax compliance in a complex commercial environment. This understanding complements her extensive experience in the application of GST across a broad range of industries. Current at 05 September 2013 Click here to expand/collapse more articles by Michelle BENNETT.

This was presented at 2013 National GST Conference.

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Individual sessions

Keynote address

Author(s):  Robert OLDING

Materials from this session:

GST and the Ten Commandments

Author(s):  Gordon BRYSLAND

Materials from this session:

GST and insolvency: From the cradle to the grave

Author(s):  Peter KONIDARIS,  Jenny Lin,  Raj Srikhanta

Materials from this session:

Cases update

Author(s):  Chris SIEVERS

Materials from this session:

Resolving disputes

Author(s):  Elizabeth GOLI,  Peter POULOS

Materials from this session:

Further details about this event:


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