Government Announcements
GST: ATM fees
19.12.2008
On 18 December 2008, the Assistant Treasurer announced that the GST law will be changed to ensure that no customers will be charged GST on automatic teller machine transaction fees when ATM owners start charging ATM users directly for withdrawals from 3 March 2009. ATM transactions will be input taxed supplies for all ATM owners.
The Assistant Treasurer stated that, without changes to the GST, ATM transaction fees would have had different GST treatment depending on the owner of the ATM; customers using ATMs owned by approved deposit-taking institutions (ADIs) would not have been charged GST on transaction fees, while those customers using ATMs not owned by ADIs would have been subject to GST. The States and Territories have approved this change to the GST law.
For the text of the Assistant Treasurer’s media release click here.
