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ATO rulings and guidance re creditable purpose of acquisitions in a credit card issuing business and GST apportionment for financial supplies

The following significant rulings and guidance were issued:

GSTR 2019/2: Goods and services tax (GST): determining the creditable purpose of acquisitions in a credit card issuing business
PCG 2019/8: ATO compliance approach to GST apportionment of acquisitions that relate to certain financial supplies

Source: Deloitte