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01 Mar 10 Bill on GST administration of cross-border transport open for consultation

In media release No 2010/031, 26 February 2010, the Assistant Treasurer, Senator Nick Sherry, announced the release for public comment of draft legislation aimed at improving the operation of the GST law by streamlining its application to the domestic transport of imported and exported goods.

The changes to the law will reduce the involvement of non-residents in the Australian GST system, improve consistency in the GST treatment of postal and non-postal containerised goods, and assist domestic sub-contracted transport suppliers with GST compliance.

The closing date for submissions is Friday, 5 March 2010.

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