On 30 August 2012 A New Tax System (Goods and Services Tax) Amendment Regulation 2012 (No.4) was made.  The Regulation was made pursuant to the announcement in the 2012-13 Budget that the GST law would be amended to ensure that credit unions do not lose access to a reduced input tax credit for credit union services when they rebrand as banks but otherwise do not change their corporate structure.

• Regulation
• Explanatory Statement