Financial intermediary services for IF clients fees - TAC

Effective 1 July 2020

2020/21 rates
2019/20 rates

For Financial intermediary services provided on or after 1 July 2020 to IF clients
Service Description	TAC Item Number	Maximum Payment Rate - Non registered for GST	Maximum Payment Rate - Registered for GST
Financial Intermediary hourly rate for support to IF clients. Limit of 4 hrs per month plus reasonable travel.	CAP606	$56.84	$62.52

For Financial intermediary services provided between 1 July 2019 and 30 June 2020 to IF clients
Service Description	TAC Item Number	Maximum Payment Rate - Non registered for GST	Maximum Payment Rate - Registered for GST
Financial Intermediary hourly rate for support to IF clients. Limit of 4 hrs per month plus reasonable travel.	CAP606	$55.72	$61.29

GST

* Item numbers denoted with an asterisk (*) include a 10% allowance for GST as TAC believes these are taxable supplies. If you are a provider and are not registered for GST, then the maximum claimable on these item numbers is 10/11ths of the corresponding Maximum Payment Rate. Providers who are not registered for GST are:

Not legally permitted to charge GST; and
Should indicate on all invoices submitted your status as 'not registered for GST'

A GST Registered provider should not add GST on top of the Maximum Payment Rate as an allowance for it is already included where applicable.

All other item numbers i.e. with no asterisk (*) are the Maximum Payments Rates regardless of whether you are registered for GST or not, as TAC believes these to be GST-Free supplies.