The A New Tax System (Goods and Services Tax) Amendment Regulation 2012 (No 2) was registered on the Federal Register of Legislative Instruments on Thur 28.6.2012. The Regulation, in conjunction with the provisions of Div 81 of the GST Act, provides the mechanism for entities to determine the GST treatment of Australian fees and charges.
It commences on 1 July 2012 and amends the GST Regulations to ensure that the GST treatment of particular goods and services supplied by Australian government agencies is consistent with the principles contained in the Intergovernmental Agreement on Federal Financial Relations (Intergovernmental Agreement).
[LTN 124, 29/6]