Commonwealth Numbered Regulations

A NEW TAX SYSTEM (GOODS AND SERVICES TAX) REGULATIONS 2019 (F2019L00417)

TABLE OF PROVISIONS

            

CHAPTER 1--Introduction
            

   PART 1--PRELIMINARY

   1.      Name  
   2.      Commencement  
   3.      Authority  
            

CHAPTER 2--The basic rules
            

   PART 2-5--REGISTRATION

           Division 23--Who is required to be registered and who may be registered

   23.15.01.Registration turnover threshold (other than for non-profit bodies)  
   23.15.02.Registration turnover threshold for non-profit bodies  

   PART 2-6--TAX PERIODS

           Division 29--What is attributable to tax periods

              Subdivision 29-C--Tax invoices and adjustment notes

   29.80.01.Value of taxable supply for which tax invoice not required  
   29.80.02.Amount for which adjustment note not required  

   PART 2-7--RETURNS, PAYMENTS AND REFUNDS

           Division 33--Payments of GST

   33.15.01.Object of this Division  
   33.15.01A.Circumstances in which payments of assessed GST on taxable importations are deferred  
   33.15.01B.Payment  
   33.15.02.Application for approval  
   33.15.03.Requirements for approval  
   33.15.04.Bank guarantee requirement  
   33.15.05.Decision on application--notice and date of effect  
   33.15.08.Revocation of approval  
   33.15.09.Review of decisions  
            

CHAPTER 3--The exemptions
            

   PART 3-1--SUPPLIES THAT ARE NOT TAXABLE SUPPLIES

           Division 38--GST-free supplies

              Subdivision 38-A--Food

   38.3.01.Food additives  
   38.3.02.GST-free beverages supplied from vending machines  

              Subdivision 38-B--Health

   38.45.01.Medical aids and appliances  

              Subdivision 38-E--Exports and other cross-border supplies

   38.185.01.Export of goods by travellers as accompanied baggage  

           Division 40--Input taxed supplies

              Subdivision 40-A--Financial supplies

   40.5.01.Object of Subdivision 40-A  
   40.5.05.Acquisition  
   40.5.06.Financial supply providers  
   40.5.07.Financial supply facilitators  
   40.5.08.When supply may be financial supply  
   40.5.09.What supplies are financial supplies  
   40.5.10.Incidental financial supplies  
   40.5.11.Examples of supplies that are financial supplies  
   40.5.12.What supplies are not financial supplies  
   40.5.13.Examples of supplies that are not financial supplies  
            

CHAPTER 4--The special rules
            

   PART 4-1--SPECIAL RULES MAINLY ABOUT PARTICULAR WAYS ENTITIES ARE ORGANISED

           Division 48--GST groups

              Subdivision 48-A--Formation and membership of GST groups

   48.10.01.Trust distribution and beneficiaries  
   48.10.02.Membership requirements for partnerships  
   48.10.03.Membership requirements for trusts  
   48.10.03A.Alternative membership requirements for groups of fixed trusts  
   48.10.04.Membership requirements for individuals  

           Division 51--GST joint ventures

              Subdivision 51-A--Formation of and participation in GST joint ventures

   51.5.01.Specified purposes for GST joint ventures  

   PART 4-2--SPECIAL RULES MAINLY ABOUT SUPPLIES AND ACQUISITIONS

           Division 70--Financial supplies (reduced credit acquisitions)

   70.5.01.Objects of this Division  
   70.5.01A.Meaning of closely related  
   70.5.02.Acquisitions that attract reduced input tax credits: general  
   70.5.02A.Acquisitions that attract reduced input tax credits: certain offshore supplies  
   70.5.02D.Prohibition against claiming twice  
   70.5.03.Percentage to which input tax credits are reduced  

           Division 78--Insurance

   78.105.01.Statutory compensation schemes  

           Division 79--Compulsory third party schemes

   79.35.01.CTP ancillary payment or supply  

           Division 81--Payment of taxes, fees and charges

   81.10.01.Fees and charges which constitute consideration  
   81.15.01.Fees and charges which do not constitute consideration  
   81.15.02.Fees and charges covered by sections 81-10.01 and 81-15.01  

   PART 4-7--SPECIAL RULES MAINLY ABOUT RETURNS, PAYMENTS AND REFUNDS

           Division 168--Tourist refund scheme

              Subdivision 168-A--Kinds of acquisitions

   168.5.01.Acquisition  
   168.5.02.Goods to which this Subdivision applies  
   168.5.03.Registered entity  
   168.5.04.Purchase price  
   168.5.05.Tax invoice  

              Subdivision 168-B--Departure from the indirect tax zone

   168.5.05A.Leaving the indirect tax zone  
   168.5.06.Departure  
   168.5.07.Place of departure  

              Subdivision 168-C--Export as accompanied baggage

   168.5.08.Accompanied baggage  
   168.5.09.Time of export  
   168.5.10.Verification of export  

              Subdivision 168-D--Export by resident of an external Territory as unaccompanied baggage

   168.5.10A.Export of goods to an external Territory  
   168.5.10B.Time of export  
   168.5.10C.Verification of export  

              Subdivision 168-E--Proportion of amount of GST for payment in cash

   168.5.11.Cash payment  

              Subdivision 168-F--Documentation relating to entitlement to payment

   168.5.12.Payment authority  

              Subdivision 168-G--Period and manner of payment

   168.5.14.Processing payment authority given to officer of Customs at airport  
   168.5.15.Processing payment authority lodged at a TRS verification facility  
   168.5.16.Processing payment authority given to Comptroller-General of Customs  
   168.5.17.Processing claim for payment  
            

CHAPTER 6--Interpretation
            

   PART 6-3--DICTIONARY IN THE ACT

           Division 195--Dictionary in the Act

   195.1.01.Compulsory third party schemes  
   195.1.02.First aid or life saving course  

   PART 6-4--DICTIONARY

   196.1.01.Definitions  
            

CHAPTER 7---Transitional
            

   PART 7-1--TRANSITIONAL MATTERS

           Division 197--Transitional matters relating to the repeal of the A New Tax System (Goods and Services Tax) Regulations 1999

   197.1.01.Definitions  
   197.1.02.Old regulations continue to apply to tax periods starting before commencement time  
   197.1.03.Approved forms  
   197.1.04.Deferred payments of assessed GST on taxable importations  
   197.1.05.Tourist refund scheme  
           SCHEDULE 1 Rules for the supply of goods to a relevant traveller
           SCHEDULE 2 Examples of financial supply
           SCHEDULE 3 Examples of supply that is not financial supply