Commonwealth Consolidated Acts

A NEW TAX SYSTEM (GOODS AND SERVICES TAX) ACT 1999 - SECT 38.610

             (1)  An * inbound intangible consumer supply is GST-free if:

                     (a)  it is made by a * non-resident; and

                     (b)  it is covered by a determination under subsection (2).

             (2)  The Minister may, by legislative instrument, determine that a specified class of * inbound intangible consumer supplies are GST-free.

             (3)  However, the Minister must not make the determination unless:

                     (a)  the * Foreign Minister has advised the Minister in writing that the treatment of the class of supplies under the * GST law would, apart from the determination, be inconsistent with Australia's international obligations; and

                     (b)  the Minister is satisfied that similar supplies made by * Australian residents would be GST-free.

Table of Subdivisions

40-A     Financial supplies

40-B      Residential rent

40-C      Residential premises

40-D     Precious metals

40-E      School tuckshops and canteens

40-F      Fund-raising events conducted by charities etc.

40-G     Inbound intangible consumer supplies