Today the Assistant Treasurer released an exposure draft regulation and explanatory statement specifying the GST treatment of certain Australian government fees and charges.
The Treasury release states that exposure draft regulations prescribe fees and charges that will be treated as GST exempt, and fees and charges that will be treated as taxable supplies from 1 July 2012. Also, the draft regulations will also ensure that the GST treatment of particular goods and services supplies by governmental related entities is consistent with the principles contained in the Intergovernmental Agreement on Federal Financial Relations.
Please see the following links:
Submissions are due by 30 May 2012.
