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GST Margin Scheme Review - Consultation Paper


Tuesday, 12 May 2009

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The Assistant Treasurer and Minister for Competition Policy and Consumer Affairs, The Hon Chris Bowen, has announced that Treasury will examine the effectiveness and efficiency of the GST margin scheme in achieving its policy intention. This follows a recommendation from the Board of Taxation’s (the Board’s) Review of the Legal Framework for the Administration of the Goods and Services Tax.  

The Treasury invites public comment on whether the margin scheme is meeting its objectives and what improvements would streamline its application and further reduce compliance costs and maintain the integrity of the GST. To assist with this review the Treasury has prepared the attached consultation paper.

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. A request made under the Freedom of Information Act 1982 (Commonwealth) for a submission marked 'confidential' to be made available will be determined in accordance with that Act.

Closing date for submissions: Friday, 31 July 2009

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

Email: marginscheme@treasury.gov.au

For enquiries, please call Rob Dalla-Costa (02) 6263 3328

Documents Available:

Acrobat (PDF) documents

 Acrobat (PDF)

GST Margin Scheme Review - Consultation Paper   173.89kb

Microsoft Word (RTF) documents

 Microsoft Word (RTF)

GST Margin Scheme Review - Consultation Paper  371.67kb

Related Items:

Submissions: GST margin scheme review - 24/08/2009

Treasury has received six submissions in response to the discussion paper on the GST margin scheme review, released on 12 May 2009. The public submissions are listed below and are accessible by selecting the author.

The opinions expressed in the submissions are those of the authors and do not necessarily reflect the views of the Government or the Treasury.

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