Fact sheet on how to treat GST on STCs – For system suppliers. Please click here to view the fact sheet.
The Renewable Energy Certificates (RECs) assigned to Greenbank Environmental can attract GST, depending on a few factors.
RECs are generally owned by the OWNER of the property at the time of install, not the installer or supplier. The deal is between Greenbank and the owner. If a point of sale payment has been given by the installer or supplier, they are acting as the facilitator only.
For further information
The ATO has published a helpful fact sheet outlining these requirements. Whilst it deals exclusively with STCs, the principles remain the same regardless of the type of environmental certificate being created. This fact sheet can be accessed here: http://www.ato.gov.au/Business/GST/In-detail/Your-industry/Other-industries/GST-and-the-small-scale-renewable-energy-scheme/