The Government will insert a regulation-making power in the GST law to prescribe that certain payments between government-related entities are not subject to GST.
This extends the earlier measure contained in the Mid-Year Economic and Fiscal Outlook 2011-12. It is anticipated that the change will have no revenue impact.
Date of effect: The change will take effect from 1 July 2012.
Source: Budget Paper No 2 [p 29]
[WTB 19, 8/5]