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GST Administration Draft Legislation and Exposure Draft

Date:

Tuesday, 6 October 2009

Content ID:

1631

Abstract:

In the 2009-10 Budget the Government announced its response to the Board of Taxation's review of the legal framework for the administration of the GST. Most substantial changes will apply from 1 July 2010.

On 6 October 2009, the Assistant Treasurer released draft legislation, regulations and explanatory material to implement the following announced measures:

  • Limiting claims for input tax and fuel tax credits to four years
  • Introducing a bulky goods export refund scheme for Australian External Territory residents
  • Expanding the GST rules for transactions undertaken by agents
  • Clarifying how the GST law applies to offshore gambling transactions
  • Clarifying the Commissioner's power to recover overpaid refunds
  • Clarifying the interaction of the GST associate provisions
  • Increasing the adjustment note threshold.

An exposure draft of the legislation, regulations and explanatory material is now available.

Making a submission

Interested parties are invited to comment on all or some of the exposure draft material. While submissions may be lodged electronically, by post or by facsimile, electronic lodgment 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: Tuesday, 27 October 2009

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

Email:  GSTadministration@treasury.gov.au

For inquiries, please call Yasmine Barry (02) 6263 4053.

Documents Available:


Acrobat (PDF) documents

 Acrobat (PDF)

Exposure Draft Legislation  76.61kb
Exposure Draft Explanatory Memorandum  187.24kb
Exposure Draft Regulations - Adjustment note threshold  107.77kb
Draft Explanatory Statement - Adjustment note threshold  14.73kb
Consultation Summary - External Territory Refunds  37.45kb
Consultation Summary - Four Year Credit Limit  40.24kb
Consultation Summary - GST Associates  36.80kb
Consultation Summary - GST Domestic Agents  37.21kb
Consultation Summary - GST Gambling Transactions  36.87kb
Consultation Summary - Overpaid Refunds  35.71kb

Microsoft Word (RTF) documents

 Microsoft Word (RTF)

Exposure Draft Legislation  361.10kb
Exposure Draft Explanatory Memorandum  466.71kb
Exposure Draft Regulations - Adjustment note threshold  328.58kb
Draft Explanatory Statement - Adjustment note threshold  28.19kb
Consultation Summary - External Territory Refunds  846.07kb
Consultation Summary - Four Year Credit Limit  851.99kb
Consultation Summary - GST Associates  843.27kb
Consultation Summary - GST Domestic Agents  845.13kb
Consultation Summary - GST Gambling Transactions  844.84kb
Consultation Summary - Overpaid Refunds  843.47kb

Related Items:

Government response to the Board of Taxation Review of the legal framework for the administration of the GST - First Discussion Paper - 12/05/2009
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Government response to the Board of Taxation Review of the legal framework for the administration of the GST - Second Discussion Paper - 11/09/2009
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Submissions: GST Administration Draft Legislation and Exposure Draft - 25/11/2009

Treasury received nine submissions (two of which were confidential) in response to the exposure draft legislation and regulations and draft explanatory material concerning GST administration. The public submissions are available 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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