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The Rudd Government has taken another step in the reform of the administration of the Good and Services Tax (GST), with the Assistant Treasurer, Senator Nick Sherry, today releasing for public comment a second tranche of draft reform legislation.<\/p>\n
\u201cThe Rudd Government is forging ahead with its plans to reform GST administration to make it simpler and less costly for business owners to meet their obligations,\u201d the Assistant Treasurer said. “This draft legislation clarifies the GST law and ensures that it applies appropriately.”<\/p>\n
Today\u2019s draft legislation implements two further recommendations made by the Board of Taxation in its review of GST administration, namely:<\/p>\n
\u201dI encourage anyone with an interest in improving the administration of the GST to look at the proposed legislation and provide their views,\u201d the Assistant Treasurer said.<\/p>\n
\u201dThe input of stakeholders plays a central role in designing law changes and the Rudd Government is committed to consulting before finalising the legislation.\u201d<\/p>\n
An earlier tranche of legislation was introduced to Parliament on 25 November 2009, following consultation on exposure draft legislation and exposure drafts for further measures will be released for consultation in coming months.<\/p>\n