Independent Reserve provides an open marketplace for buyers and sellers to meet, and does not buy or sell Bitcoin in its own right. Therefore we are not required to collect GST on the value of Bitcoin traded.
Independent Reserve does include GST as part of the brokerage fee charged to Australian customers, however this GST is absorbed within the standard 0.5% trading fee and ultimately paid out of our own profits.
Independent Reserve Pty. Ltd. Level 15, 9 Hunter Street, Sydney NSW 2000, Australia