Published on 01 May 00
by THE TAX INSTITUTE
Comments by CPA Australia, ICAA, TIA and Taxpayers Australia in relation to GSTR 2000/D7: Supplies connected with Australia. Comments on the ruling - Paragraph 20:
Paragraph 20 of the draft ruling gives an example whereby Aero Co (an Aust resident Co) leases a light aircraft to Flight Co (an Aust resident Co). The aircraft is to be used partly in Australia and partly in New Zealand. The supply is connected with Australia, however, it is GST-free to the extent that the plane is for use outside Australia.
INSTITUTE OF CHARTERED ACCOUNTANTS IN AUSTRALIA
NATIONAL INSTITUTE OF ACCOUNTANTS
AUSTRALIAN SOCIETY OF CERTIFIED PRACTISING ACCOUNTANTS
TAXATION INSTITUTE OF AUSTRALIA