GST Point-in-Time Service Updates

The GST Service has been updated to include the Aged Care and Other Legislation Amendment Act 2025 (Cth) (Act No 45 of 2025) and the Treasury Laws Amendment (Payments System Modernisation) Act 2025 (Cth) (Act No 46 of 2025).

Act 45 of 2025

The Act makes miscellaneous technical and consequential amendments to support the commencement of the Aged Care Act 2024 (Cth), which will replace the Aged Care Act 1997 (Cth), the Aged Care Quality and Safety Commission Act 2018 (Cth) and the Aged Care (Transitional Provisions) Act 1997 (Cth) as the Commonwealth’s primary aged care legislation.

Schedule 3 to the Act includes consequential amendments to the A New Tax System (Goods and Services Tax) Act 1999 (Cth) to ensure that legislation affected by the repeal of the old law reflects the concepts and terminology used within the new legislation, and that references to the old laws are read as references to the new Act and associated legislative instruments.

Act 46 of 2025

The Act amends the Payment Systems (Regulation) Act 1998 (Cth) (PSRA) to modernise the payments regulatory framework, ensuring it is fit-for-purpose and can address emerging risks related to payments.

In particular, the Act expands the regulatory coverage of the PSRA by updating key definitions, introducing new ministerial powers to ensure the Government can respond to issues beyond the existing remit of the Reserve Bank of Australia, and modernising the existing penalty regime in the PSRA.

The Act makes consequential amendments to the Competition and Consumer Act 2010 (Cth) to reflect the expanded scope of the payments regulatory framework.

These amendments have been updated in the Point-in-Time GST Service current to 26 September 2025 (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.