Commonwealth Consolidated Acts

A NEW TAX SYSTEM (GOODS AND SERVICES TAX TRANSITION) ACT 1999 - SECT 7

  (1)   GST is only payable on a supply or importation to the extent that it is made on or after 1   July 2000.

Note:   GST may not apply to supplies during trading periods spanning midnight on 30   June 2000: see section   6A.

  (2)   An entitlement to an input tax credit only arises on an acquisition or importation to the extent that it is made on or after 1   July 2000.

Note:   There are special rules about input tax credits for motor vehicles etc.: see section   20.