Summary

• On 27 June 2011 the Tax Laws Amendment (2011 Measures No.3) Act 2011 received royal assent.  Schedule 1 amended the GST Act to allow eligible boats to be GST-free if they are exported by the purchaser or supplier within 12 months and only use for recreational purposes.  The amendments extends the GST-free period from 60 days to 12 months.
• The measure takes effect from 1 July 2011

Links to documents

Legislation

• Tax Laws Amendment (2011 Measures No.3) Act No.51 2011
• Explanatory Memorandum

Media Releases

• No.023/2011 issued 1 February 2011
• No.088/2010 issued 11 May 2010