Goods and Services Tax Act 1993 · 2020 Revised Edition · Part 6 · Special Cases
36. Commodity, futures or securities markets and exchanges
Feedback & supportThe Minister may by regulations make provisions for modifying the provisions of this Act in their application to dealings on commodity, futures or securities markets or exchanges and such persons ordinarily engaged in such dealings as may be specified in the regulations, subject to such conditions as may be so specified.
Without limiting subsection (1), any regulations made under this section may include provisions —
for the registration under this Act of any body of persons representing persons ordinarily engaged in dealing on a commodity, futures or securities market or exchange and for disregarding such dealings by persons so represented in determining liability to be registered under this Act, and for disregarding such dealings between persons so represented for all the purposes of this Act; and
for refunding or crediting, to such persons as may be specified in the regulations, input tax attributable to such dealings on a commodity, futures or securities market or exchange as may be so specified,and may contain such incidental and supplementary provisions as appear to the Minister to be necessary or expedient.
Any regulations made under this section may make different provisions with respect to different markets or exchanges and with respect to different commodities, futures or securities.