Commonwealth Numbered Regulations

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A NEW TAX SYSTEM (GOODS AND SERVICES TAX) REGULATIONS 2019 (F2019L00417) - REG 197.1.04

Deferred payments of assessed GST on taxable importations

Applications under the old regulations

             (1)  Despite the repeal of the old regulations by the repealing regulations, regulations 33-15.02 to 33-15.05 and 33-15.09 of the old regulations, as in force immediately before the commencement time, continue to apply in relation to any application made under regulation 33-15.02 of the old regulations before the commencement time.

Approvals under the old regulations

             (2)  This instrument, other than section 33-15.05, has effect as if:

                     (a)  an application had been approved under section 33-15.03 at the commencement time in relation to each entity that was, immediately before the commencement time, an approved entity within the meaning of the old regulations; and

                     (b)  an application approved after the commencement time under regulation 33-15.03 of the old regulations as continued in effect under subsection (1) had been approved under section 33-15.03 at the time of approval.



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