On 1 December 2011 the Commissioner issued GSTD 2011/3 ‘Goods and services tax: do the acquisitions of the services provided under the arrangement described in Taxpayer Alert TA 2010/1 form part of a reduced credit acquisition made by the financial supply provider under item 9 of the table in in sub regulation 70-5.02(2) of the A New Tax System (Goods and Services Tax) Regulations 1999?’

The Determination was previously issued as draft GSTD 2011/D2 and is based upon the arrangement outlined in Taxpayer Alert TA 2010/1.

My comments on the Determination can be found here.