Commonwealth Consolidated Acts

A NEW TAX SYSTEM (GOODS AND SERVICES TAX) ACT 1999 - SECT 38.385

                   A supply of * precious metal is GST-free if:

                     (a)  it is the first supply of that precious metal after its refining by, or on behalf of, the supplier; and

                     (b)  the entity that refined the precious metal is a * refiner of precious metal; and

                     (c)  the * recipient of the supply is a * dealer in precious metal.

Note:          Any other supply of precious metal is input taxed under section 40-100.