Financial intermediary services for IF clients fees

Effective 1 July 2023

For Financial intermediary services provided on or after 1 July 2023 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	$63.73	$70.11

For Financial intermediary services provided between 1 July 2022 and 30 June 2023 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	$59.02	$64.92

For Financial intermediary services provided on or after 1 July 2023 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	$63.73	$70.11

For Financial intermediary services provided between 1 July 2022 and 30 June 2023 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	$59.02	$64.92

GST

If your business entity is not registered for GST, then you must only claim the lower of the rates provided at each item number. This is the "Maximum Payment rate - Non registered for GST". A business entity not registered for GST:

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

A business entity that is registered for GST should claim the higher rates provided at each item number. This is the "Maximum Payment Rate - Registered for GST". Where TAC believes an item is a taxable supply, an allowance for GST has been factored into the payment rate. You should not markup GST on the Maximum Payment Rate quoted for a GST registered entity.