Commonwealth Consolidated Regulations

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A NEW TAX SYSTEM (GOODS AND SERVICES TAX) REGULATIONS 1999

- made under the A New Tax System (Goods and Services Tax) Act 1999

TABLE OF PROVISIONS

   PART 1--PRELIMINARY

   1.      Name of Regulations  
   3.      Definitions--the dictionary etc  

   PART 2-5--REGISTRATION

           Division 23--Who is required to be registered and who may be registered

   23.15.01.Registration turnover threshold (other than for non-profit bodies) (Act ss 23-15 (1))  
   23.15.02.Registration turnover threshold for non-profit bodies (Act ss 23-15 (2))  

   PART 2-6--TAX PERIODS

           Division 29--What is attributable to tax periods

              Subdivision 29-C--Tax invoices and adjustment notes

   29.80.01.Value of taxable supply (Act ss 29-80(1))  
   29.80.02.Adjustment note threshold (Act ss 29-80 (2))  

   PART 2-7--RETURNS, PAYMENTS AND REFUNDS

           Division 33--Payments of GST

   33.15.01.Purpose of Division  
   33.15.02.Application for approval  
   33.15.03.Requirements for approval  
   33.15.04.Bank guarantee requirement  
   33.15.05.Decision on application--notice and date of effect  
   33.15.06.Electronic dealings by approved entities  
   33.15.07.Due date for deferred payments  
   33.15.08.Revocation of approval  
   33.15.09.Review of decisions  

   PART 3-1--SUPPLIES THAT ARE NOT TAXABLE SUPPLIES

           Division 38--GST-free supplies

              Subdivision 38-A--Food

   38.3.01.GST-free beverages supplied from vending machines (Act s 38-3)  
   38.3.02.Food additives (Act s 38-3)  

              Subdivision 38-B--Health

   38.45.01.Medical aids and appliances (Act s 38-45)  

              Subdivision 38-E--Exports and other supplies for consumption outside the indirect tax zone

   38.185.01.Export of goods by travellers as accompanied baggage (Act s 38-185)  

           Division 40--Input taxed supplies

              Subdivision 40-A--Financial supplies

   40.5.01.Object of Subdivision 40-A  
   40.5.02.Interests  
   40.5.03.Provision  
   40.5.04.Disposal  
   40.5.05.Acquisition  
   40.5.06.Financial supply providers  
   40.5.07.Financial supply facilitators  
   40.5.08.When supply may be financial supply (Act s 40-5)  
   40.5.09.What supplies are financial supplies  
   40.5.10.Incidental financial supplies  
   40.5.11.Examples of supplies that are financial supplies  
   40.5.12.What supplies are not financial supplies (Act s 40-5)  
   40.5.13.Examples of supplies that are not financial supplies  

   PART 4-1--SPECIAL RULES MAINLY ABOUT PARTICULAR WAYS ENTITIES ARE ORGANISED

           Division 48--GST groups

              Subdivision 48-A--Approval of GST groups

   48.10.01.Definitions for Subdivision  
   48.10.01A.Trust distribution and beneficiaries  
   48.10.02.Membership requirements for partnerships  
   48.10.03.Membership requirements for trusts  
   48.10.03A.Alternative membership requirements for groups of fixed trusts  
   48.10.04.Membership requirements for individuals  

           Division 51--GST joint ventures

   51.5.01.Specified purposes for GST joint ventures (Act s 51-5)  

   PART 4-2--SPECIAL RULES MAINLY ABOUT SUPPLIES AND ACQUISITIONS

           Division 70--Financial supplies (reduced credit acquisitions)

   70.5.01.Objects of Division 70  
   70.5.01A.Definition  
   70.5.02.Acquisitions that attract reduced input tax credits: general (Act s 70-5)  
   70.5.02A.Acquisitions that attract reduced input tax credits: certain offshore supplies (Act s 70-5)  
   70.5.02B.Reduced credit acquisitions  
   70.5.02C.Unabsorbed contribution  
   70.5.02D.Prohibition against claiming twice  
   70.5.03.Percentage to which input tax credits are reduced (Act s 70-5)  

           Division 78--Insurance

   78.105.01.Statutory compensation schemes  

           Division 79--Compulsory third party schemes

   79.35.01.Meaning of CTP ancillary payment or supply  

           Division 81--Taxes, fees and charges

   81.10.01.Fees and charges which constitute consideration  
   81.15.01.Fees and charges which do not constitute consideration  
   81.15.02.Fees and charges covered by regulations 81-10.01 and 81-15.01  

   PART 4-7--SPECIAL RULES MAINLY ABOUT RETURNS, PAYMENTS AND REFUNDS

           Division 168--Tourist refund scheme

              Subdivision 168-1--Kinds of acquisitions

   168.5.01.Acquisition  
   168.5.02.Goods to which Subdivision 168-1 applies  
   168.5.03.Registered entity  
   168.5.04.Purchase price  
   168.5.05.Tax invoice  

              Subdivision 168-2--Departure from the indirect tax zone

   168.5.06.Departure  
   168.5.07.Place of departure  

              Subdivision 168-3--Export as accompanied baggage

   168.5.08.Accompanied baggage  
   168.5.09.Time of export  
   168.5.10.Verification of export  

              Subdivision 168-3A--Export by resident of an external Territory as unaccompanied baggage

   168.5.10A.Export of goods to an external Territory  
   168.5.10B.Time of export  
   168.5.10C.Verification of export  

              Subdivision 168-4--Proportion of amount of GST for payment in cash

   168.5.11.Cash payment  

              Subdivision 168-5--Documentation relating to entitlement to payment

   168.5.12.Payment authority  
   168.5.13.Claim for payment: exceptional circumstances  

              Subdivision 168-6--Period and manner of payment

   168.5.14.Processing payment authority given to officer of Customs at airport  
   168.5.15.Processing payment authority lodged at a TRS verification facility  
   168.5.16.Processing payment authority given to Comptroller-General of Customs  
   168.5.17.Processing claim for payment made in exceptional circumstances  

   PART 6-3--REGULATIONS RELATING TO THE DICTIONARY IN THE ACT

           Division 195--Dictionary

   195.1.01.Compulsory third party schemes  
   195.1.02.First aid or life saving course  

   PART 6-4--TRANSITIONAL ARRANGEMENTS

   200.0.00.Operation of Schedule 15  
           SCHEDULE 3 Medical aids and appliances
           SCHEDULE 5 Rules for the supply of goods to a relevant traveller
           SCHEDULE 7 Examples of financial supply
           SCHEDULE 8 Examples of supply that is not financial supply
           SCHEDULE 10 Statutory compensation schemes
           SCHEDULE 11 Compulsory third party schemes
           SCHEDULE 12 First aid or life saving course
           SCHEDULE 15 Transitional arrangements


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