Commonwealth Numbered Acts

A NEW TAX SYSTEM (GOODS AND SERVICES TAX TRANSITION) ACT 1999

TABLE OF PROVISIONS

           Long Title

   PART 1--INTRODUCTIONýÜ

   1.      Short title 
   2.      Commencement 
   3.      Schedule(s) 
   4.      Overview 
   5.      Definitions 
   6.      Time of supply or acquisition  

   PART 2--START OF GST

   7.      Start of GST 
   8.      Effect on sales tax 
   9.      GST registration before 1 July 2000 
   10.     Invoice or consideration before 1 July 2000 
   11.     Supply of rights exercisable on or after 1 July 2000 

   PART 3--AGREEMENTS SPANNING 1 JULY 2000

   12.     Progressive or periodic supplies 
   13.     Existing agreements: no opportunity to review 
   14.     Rights granted for life 
   15.     Funeral agreements made before 2 December 1998 

   PART 4--STOCK ON HAND ON 1 JULY 2000

   16.     Special GST credit for sales tax paid on stock 
   17.     Stock later applied for private or domestic purpose 
   18.     Second-hand goods 

   PART 5--SPECIAL TRANSITIONAL RULES

   19.     Construction agreements made before 1 July 2000 
   20.     Phasing in input tax credits for motor vehicles etc. 
   21.     Acupuncture, naturopathy and herbal medicine 
   22.     Insured event before 1 July 2000 
   23.     Input tax credits for insurance premiums 
   24.     Gambling 

   PART 6--REGULATIONS

   25.     Regulations 
           SCHEDULE 1--Amendment of the sales tax law