Some bullion products are GST-exempt, while others attract GST.
This depends on purity, markings, and whether the product is treated as a standard bullion investment or a collectable item.
When bullion is GST-exempt
Bullion is generally GST-exempt when it meets all of the following:
Purity stamped:
at least 99.99% gold, or
at least 99.9% silver.
Has a brand or sovereign stamp from a recognised mint, refiner, or dealer.
Has the weight stamped (e.g. 1 oz, 100 g, 1 kg).
Is priced close to spot, with a normal bullion premium (not a large collectible markup).
When GST applies
GST generally applies to:
Rare products where the price reflects collectability and carries a high premium over spot.
Non-pure products, such as:
certain gold coins that are less than 99.99% purity (e.g. Krugerrand gold coins).
Pure products without standard bullion markings, such as:
gold granules or certain forms of unmarked metal.
How to identify GST-inclusive products on our website
Product names on our online store will clearly show “GST Incl” for products that are subject to GST.
Products without this label are generally GST-exempt bullion, provided they meet the criteria above.
If you’re unsure whether GST applies to a specific product, check the product page or contact us before ordering.