Draft GST administration simplification rules

The Assistant Treasurer has released draft legislation, regulations and explanatory material to implement the following announced GST administration measures:

  • Limiting claims for input tax and fuel tax credits to four years
  • Introducing a bulky goods export refund scheme for Australian External Territory residents
  • Expanding the GST rules for transactions undertaken by agents
  • Clarifying how the GST law applies to offshore gambling transactions
  • Clarifying the Commissioner's power to recover overpaid refunds
  • Clarifying the interaction of the GST associate provisions
  • Increasing the adjustment note threshold.

Submissions close on 27 October 2009.

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