Category Archives: Foreign exchange

Travelling light with Travelex

In a decision ( 3 to 2) highlighting the unique position of ‘money’ in the Goods and Services Tax Act the High Court has delivered an interesting outcome – Travelex Ltd v Federal Commissioner of Taxation . The case was concerned with the question whether exchange of foreign currency on the departure side of the Customs barrier at the Sydney International Airport is GST-free under section 38-190(1) of the Act. If the supply of services to travellers at the airport … Continue reading

Posted in Foreign exchange, GST | Tagged , | Leave a comment

Archives

  • June 2013
  • May 2013
  • April 2013
  • March 2013
  • February 2013
  • January 2013
  • November 2012
  • October 2012
  • September 2012
  • August 2012
  • July 2012
  • June 2012
  • May 2012
  • April 2012
  • March 2012
  • February 2012
  • January 2012
  • December 2011
  • November 2011
  • October 2011
  • September 2011
  • August 2011
  • July 2011
  • June 2011
  • May 2011
  • April 2011
  • March 2011
  • February 2011
  • January 2011
  • December 2010
  • November 2010
  • October 2010
  • September 2010
  • August 2010