Exposure Draft - GST Treatment of New Residential Premises

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Abstract:

The 2011-12 Budget included a measure to amend the goods and services tax (GST) law to protect the GST revenue base and to ensure the law applies appropriately to supplies of new residential premises.

Following public consultation on the policy design of these changes earlier in the year, the Government has developed draft legislation to implement this measure.

The Assistant Treasurer has released exposure draft legislation and explanatory material for public consultation. The draft legislation seeks to address some of the issues arising from public consultation.

Making a submission

Interested parties are invited to comment on the exposure draft package. While submissions may be lodged electronically or by post, electronic lodgement is preferred. For accessibility reasons, please submit responses sent via email in a Word or RTF format. An additional PDF version may also be submitted.

All information (including name and address details) contained in submissions will be made available to the public on the Treasury website unless you indicate that you would like all or part of your submission to remain in confidence. Automatically generated confidentiality statements in emails do not suffice for this purpose. Respondents who would like part of their submission to remain in confidence should provide this information marked as such in a separate attachment. Legal requirements, such as those imposed by the Freedom of Information Act 1982, may affect the confidentiality of your submission.

Closing date for submissions: Friday, 21 October 2011

Address written submissions to:
The General Manager
Indirect Tax Division
The Treasury
Langton Crescent
PARKES ACT 2600

Email: gstpolicyconsultations@treasury.gov.au

For enquiries, please call Jonathan Przydacz on (02) 6263 4301.

Documents Available:

 Acrobat (PDF)

 Microsoft Word (DOC)

 Microsoft Word (RTF)

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