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 for a prompt response.

Tony Wells
General Manager - IDC


Enquire Now
Print this page