On 2 May 2012, the Assistant Treasurer and Minister Assisting for Deregulation released exposure draft regulation and explanatory material specifying the GST treatment of certain Australian government fees and charges for public consultation.
The exposure draft Regulations prescribe fees and charges that will be treated as GST exempt, and fees and charges that will be treated as taxable supplies from 1 July 2012. The draft Regulation will ensure that the GST treatment of particular goods and services supplied by government related entities is consistent with the principles contained in the Intergovernmental Agreement on Federal Financial Relations.