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24 Nov 11 Exposure Draft - GST Treatment of Appropriations

Treasury has released exposure draft legislation and draft explanatory material concerning changes to the GST law to restore the policy intent that the non-commercial activities of government related entities are not subject to GST. The Government has decided to amend the law following the decision of the Full Federal Court of Australia in TT-Line Co Pty Ltd v FCT [2009] FCAFC 178.

The closing date for submissions is Wednesday 21 December 2011.

 


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