Is GST charged on precious metals?

GST is not charged on investment grade gold, silver and platinum bullion where a hallmark has been registered with the Australian Federal Government for tax exempt purposes. All gold, silver and platinum bars and many investment coins supplied by AusMint are GST free. GST is charged on some limited edition coins and palladium bars.

For overseas buyers the same conditions of GST status applies. Where GST is charged, overseas  buyers are able to claim this GST back via the tourism export scheme.