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Interpreting Australia’s financial supply rules after the Amex decision


The recent decision of the Federal Court in American Express International v Commissioner of Taxation has highlighted some of the difficulties associated with interpreting Australia’s financial supply rules. It is not the first time that a Court has come to a conclusion arguably at odds with the perceived policy intent of the GST legislation. This decision raises questions as to how the financial supply rules should be interpreted going forward.

Author profiles

Ross Stitt
Ross is a Lawyer and Accountant with over 10 years' GST experience in Australia and New Zealand. He joined Allens Arthur Robinson's tax practice in early 2000 and has advised clients on a wide range of GST issues. He is currently a Partner and specialises in the most complex aspects of the GST regime including the implications of cross-border transactions and issues in the financial services sector. Prior to joining Allens, Ross was the head of tax in the Auckland office of leading New Zealand law firm Chapman Tripp. Before that he was a tax partner with Arthur Andersen. - Current at 01 August 2009
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Adam Gulfam Ahmed
Adam is an Australian lawyer and chartered accountant specialising in tax and commercial matters. Adam was the founding chair of the Tax Law Committee in the Law Society of New South Wales (Young Lawyers division) and served as chair for 3 years.


- Current at 21 October 2015
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