12 May 11 2011 Measures No 3 Bill introduced into Parliament
SCHEDULE 1 to the Bill amends the A New Tax System (Goods and Services Tax) Act 1999 to allow supplies of particular types of new recreational boats to be GST-free if the boats are exported within a specified 12-month period. Date of effect: 1 July 2011.
SCHEDULE 2 to the Bill amends the Income Tax (Transitional Provisions) Act 1997 to remove a technical deficiency that prevents the ongoing imposition of the general interest charge in some circumstances. These amendments apply from 1 July 2010.
Debate on the Bill was adjourned.