As far as tax deductions and claims go, Bartercard transactions can be treated in the exact same way as you would with a regular transaction using Australian currency. Just as with usual cash and credit transactions, GST is paid and received by members in the value of trade dollars. It’s also important to note that one Bartercard trade dollar (T$1) is the exact value of one Australian dollar (AUD$1).

Any time an exchange of a taxable supply occurs between members, there is a tax liability. For considerations: a consideration paid refers to the debiting of the recipient member’s account, and consideration received is the crediting of the supplying member’s account.