GST Point-in-Time Service Updates

The GST Point-in-Time Service has been updated to include the Statute Update (Regulations References) Act 2020 (Cth) (Act 18 of 2020).

Act 18 of 2020

The main purpose of this Act is to update specific references to regulations in the statute law of the Commonwealth that have become out of date due to the remaking or renaming of the regulations or that are at risk of becoming out of date in future due to those things.

Rather than referring to regulations by their specific name (for example, the Family Law (Bilateral Arrangements—Intercountry Adoption) Regulations 1998), Acts will refer to regulations using more general phrases (such as “prescribed regulations made under the Family Law Act 1975”) which are less likely to become out of date due to the repeal, sunsetting or renaming of the regulations. The regulations prescribed will be equivalent to the regulations that were previously specifically named in the relevant Acts.

This Act replaces references to specific provisions of regulations with more general means of identifying the provisions, so that the correct links between the contents of regulations and Acts will remain even if the regulations are remade, renamed or renumbered.

These amendments have been updated in the Point-in-Time GST Service current to 22 March 2020. (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.