GST Point-in-Time Service Updates

The GST Point-in-Time Service has been updated to include the Competition and Consumer Amendment (Australian Consumer Law Review) Regulations 2018 (Cth) and the Treasury Laws Amendment (Reducing Pressure on Housing Affordability Measures No. 2) Regulations 2018 (Cth). 

Competition and Consumer Amendment (Australian Consumer Law Review) Regulations 2018

The Competition and Consumer Amendment (Australian Consumer Law Review) Regulations 2018 amend the Competition and Consumer Regulations 2010 to give effect to two proposals included in the Australian Consumer Law Review – Final Report (ACL Review Final Report).

The Regulations prescribe alternative mandatory text to be included in warranty documents for the supply of services and services bundled with goods. The regulations also remove the requirement for suppliers of services to disclose cooling off rights to consumers where these rights do not apply to those services.

Treasury Laws Amendment (Reducing Pressure on Housing Affordability Measures No. 2) Regulations 2018

These regulations amend the Taxation Administration Regulations 2017 to prescribe the circumstances in which the Commissioner of Taxation is to determine that an individual has suffered a financial hardship for the purposes of the First Home Super Saver Scheme.    

The amendments made by these Regulations have been updated in the Point-in-Time GST Service current to 20 June 2018. (NB: Subscription required).

If you are not already a subscriber to this or other Point-in-Time Services then please contact us to find out more or to take a free trial.