Commonwealth Consolidated Acts

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A NEW TAX SYSTEM (GOODS AND SERVICES TAX TRANSITION) ACT 1999


TABLE OF PROVISIONS

           Long Title

   PART 1--INTRODUCTION

   1.      Short title  
   2.      Commencement  
   3.      Schedule(s)  
   4.      Overview  
   5.      Definitions  
   6.      Time of supply or acquisition  
   6A.     Trading periods spanning midnight on 30 June 2000  

   PART 2--START OF GST

   7.      Start of GST  
   9.      GST registration before 1 July 2000  
   10.     Invoice or consideration before 1 July 2000  
   11.     Supply of rights exercisable on or after 1 July 2000  

   PART 3--AGREEMENTS SPANNING 1 JULY 2000

           Division 1--General

   12.     Progressive or periodic supplies  
   13.     Existing agreements: no opportunity to review  
   14.     Rights granted for life  
   15.     Funeral agreements  

           Division 2--Agreements also spanning 1 July 2005

              Subdivision A--Introduction

   15A.    Explanation of this Division  
   15B.    Definitions  

              Subdivision B--Payment of GST payable by recipients of supplies

   15C.    GST payable by recipients of supplies  
   15D.    Amounts of GST  
   15E.    Rules for recipients who are not registered or required to be registered  
   15F.    Rule for recipients whose registration is cancelled  
   15G.    Bad debts  
   15H.    Tax invoices and adjustment notes  
   15I.    Attributing the GST  

              Subdivision C--Arbitrated offers

   15J.    Arbitrated offers  
   15K.    Initial offer  
   15L.    Arbitration  
   15M.    Final offer  

   PART 4--STOCK ON HAND ON 1 JULY 2000

   17.     Stock later applied for private or domestic purpose  
   18.     Second-hand goods  

   PART 5--SPECIAL TRANSITIONAL RULES

   19.     Construction agreements made before 1 July 2000  
   19A.    Sales of motor vehicles held under operating leases since 2 December 1998  
   21.     Acupuncture, naturopathy and herbal medicine  
   22.     Event before 1 July 2000 giving rise to claim  
   23.     Input tax credits relating to compulsory third party schemes  
   24.     Gambling  
   24A.    Unredeemed vouchers  
   24B.    Commissioner may make determinations relating to rounding  
   24C.    Supplies from certain coin-operated devices may be input taxed  

   PART 6--REGULATIONS

   25.     Regulations  


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