The Treasury Laws Amendment (2017 Measures No 2) Regulations 2017 was registered on Fri 17.11.2017. It:

  • amended reg 50-50.02 of the Income Tax Assessment Regulations 1997 to prescribe the MITRE Corporation (MITRE) as exempt from income tax and make a number of other minor technical amendments. The Government says this is to encourage MITRE to operate in Australia to benefit Australia’s defence capabilities, the Australian defence industry and the Australian science and technology research community. MITRE is a registered charity under the Australian Charities and Not-for-profits Commission Act 2012; and
  • amended the GST Regulations to streamline and improve the administrative efficiency of the tourist refund scheme. They ensure that passengers intending to claim a refund allow sufficient time for their refund to be processed and assist airlines and passenger ship operators to meet their scheduled departure times. They also provide passengers with another option to lodge their tourist refund scheme claims (by drop box if provided), such as where there are long queues at a tourist refund verification facility.

The Regulations commence on the day after they were registered.

[Federal Register of Legislation: 2017 Regulation; Explanatory Statement; LTN 221, 17.11.17; Tax Month – Nov 2017]

About the author