GST Point-in-Time Service Updates

The GST Point-in-Time Service has been updated to include the new principal regulations A New Tax System (Wine Equalisation Tax) Regulations 2019 (Cth) and A New Tax System (Luxury Car Tax) Regulations 2019 (Cth).

A New Tax System (Wine Equalisation Tax) Regulations 2019

The purpose of the A New Tax System (Wine Equalisation Tax) Regulations 2019 (Cth) (the New Regulations) is to remake and improve the operation of the A New Tax System (Wine Equalisation Tax) Regulations 2000 (Cth) (the Sunsetting Regulations) before they sunset.

The New Regulations largely remake and improve the Sunsetting Regulations by simplifying language and clarifying concepts. The key change to the Sunsetting Regulations is the adoption of modern drafting practices and the clarification of the tourist refund scheme processes. The change is not intended to affect the meaning or substantive operation of the provisions.

A New Tax System (Luxury Car Tax) Regulations 2019

The purpose of the A New Tax System (Luxury Car Tax) Regulations 2019 (Cth) (the New Regulations) is to remake and improve the operation of the A New Tax System (Luxury Car Tax) Regulations 2000 (Cth) (the Sunsetting Regulations) before they sunset.

The New Regulations largely remake and improve the Sunsetting Regulations by simplifying language and clarifying concepts. Where provisions are redrafted in accordance with modern drafting techniques, the changes are not intended to affect the meaning or substantive operation of the provisions.

These new principal regulations have been updated in the Point-in-Time GST Service current to 11 September 2019. (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.