Legislative developments – 2011- GST and the export of boats

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

Media Releases

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s