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On 18 March 2010, Tax Laws Amendment (2010 GST Administration Measures No 2) Bill 2010 was introduced into the House of Representatives. The following is extracted from the Explanatory Memorandum.

SCHEDULE 1 to the Bill amends:

  • the A New Tax System (Goods and Services Tax) Act 1999 (GST Act) and the Taxation Administration Act 1953 (TAA 1953) to allow entities to self assess their eligibility to form, change and dissolve a GST group or GST joint venture and to do so at any time during a tax period; and
  • the TAA 1953 and the GST Act to allow members of a GST group and participants in a GST joint venture to enter into an indirect tax sharing agreement with a representative member or a joint venture operator respectively in relation to their indirect tax law liabilities.

Date of effect: These amendments apply to tax periods starting on or after 1 July 2010.

SCHEDULE 2 to the Bill amends the TAA 1953, the GST Act, the Excise Act 1901 and the ITAA 1997 to include indirect tax rulings and excise advice in the general rulings regime.

Date of effect: These amendments apply to rulings made by the Commissioner of Taxation on or after 1 July 2010. They also apply to private indirect tax rulings that have been applied for, or that are in operation immediately before 1 July 2010, and public indirect tax rulings that are gazetted or labelled as public rulings and are in operation immediately before 1 July 2010.

SCHEDULE 3 to the Bill amends the GST Act to simplify the requirements for a document to be a tax invoice.

Date of effect: These amendments apply from 1 July 2010.

In media release No 2010/049, issued on 18 March 2010, the Assistant Treasurer, Senator Nick Sherry, commented on the changes made by the Bill.

"This Bill makes a number of important changes to GST administration and clarifies a number of areas which have been of concern to taxpayers," the Assistant Treasurer said.


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