GST Administration Draft Legislation and Exposure Draft

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In the 2009-10 Budget the Government announced its response to the Board of Taxation's review of the legal framework for the administration of the GST. Most substantial changes will apply from 1 July 2010.

On 6 October 2009, the Assistant Treasurer released draft legislation, regulations and explanatory material to implement the following announced measures:

• Limiting claims for input tax and fuel tax credits to four years
• Introducing a bulky goods export refund scheme for Australian External Territory residents
• Expanding the GST rules for transactions undertaken by agents
• Clarifying how the GST law applies to offshore gambling transactions
• Clarifying the Commissioner's power to recover overpaid refunds
• Clarifying the interaction of the GST associate provisions
• Increasing the adjustment note threshold.

An exposure draft of the legislation, regulations and explanatory material is now available.

Making a submission

Interested parties are invited to comment on all or some of the exposure draft material. While submissions may be lodged electronically, by post or by facsimile, electronic lodgment is preferred. For accessibility reasons, please submit responses sent via email in a Word or RTF format. An additional PDF version may also be submitted.

All information (including name and address details) contained in submissions will be made available to the public on the Treasury website unless you indicate that you would like all or part of your submission to remain in confidence.  Automatically generated confidentiality statements in emails do not suffice for this purpose.  Respondents who would like part of their submission to remain in confidence should provide this information marked as such in a separate attachment.  A request made under the Freedom of Information Act 1982 (Commonwealth) for a submission marked 'confidential' to be made available will be determined in accordance with that Act.

Closing date for submissions: Tuesday, 27 October 2009

Address written submissions to:
The General Manager
Indirect Tax Division
The Treasury
Langton Crescent
PARKES  ACT  2600

Email:  GSTadministration@treasury.gov.au

For inquiries, please call Yasmine Barry (02) 6263 4053.

Documents Available:

 Acrobat (PDF)

 Microsoft Word (RTF)

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