This instrument is the Taxation Administration (Third Party Reporting Exemptions for Certain Transactions by Government Related Entities) Determination 2026.
Note: A number of expressions used in this instrument have the same meaning as of Schedule 1 to the Act. Expressions of Schedule 1 to the Act have the same meaning as in the ITAA 1997 (see section 3AA of the Act). The following expressions are relevantly defined in section 995-1 of the ITAA 1997:
Each instrument that is specified in a Schedule to this instrument is amended or repealed as set out in the applicable items in the Schedule concerned, and any other item in a Schedule to this instrument has effect according to its terms.
(1)A government related entity is not required to prepare and give a report to the Commissioner under either item 1 or 2 of the table in section 396-55 in Schedule 1 to the Act in relation to any of the following transactions:
(a)electronic payments made for a grant or supply of services under those items:
(i)to a BPAY biller; or
(ii)by recurring direct debit; or
(iii)by debit or credit card payment through a merchant acquiring system; or
(iv)via third party payment processors facilitating any of the above payments;
(k)consideration provided for membership of a professional association or body;
(l)consideration provided for services relating to the exercise of court or tribunal functions, including consideration provided to jurors, witnesses and advocates for minors;
(2)However, a government related entity may prepare and give a report to the Commissioner in relation to any transaction exempt under subsection (1) if the administrative burden on the entity of not reporting the transaction would be greater than reporting it.