Date of announcement
10 July 2003 - GST Relief for Financial Institutions!
In a recent Australian Taxation Office
drafting ruling (GSTR 2003/D3) issued 9 July, 2003, Australia's
banking industry seems set to enjoy GST relief for expenditure on
IT and processing services incurred.
The ruling, when passed will benefit
all financial institutions large and small. It will ultimately encourage
outsourcing of IT & processing activities, which for the Internet
and associated industries will also be of great benefit.
Whilst copies of the draft ruling are
available from the Australian Taxation Office website, I encourage
all clients which fall into the classifications addressed to re-assess
their internal systems and look towards the solution of outsourcing
as a more cost effective path.
Facilities such as that run by GlobalCenter
are ideal for the provision of outsourcing. They offer high levels
Security, Infrastructure, Redundancy and Support to ensure your
equipment and data is in the best of hands.
We encourage all those considering
this alternative to view our facilities and discuss their immediate
and future requirements with our Sales Staff or by sending your
details to firstname.lastname@example.org
for a prompt response.
General Manager - IDC