Regulation Impact Statement Updates

Official website for publishing regulatory impact analysis information for regulatory decisions announced by the Australian Government, COAG and COAG Councils.

A New Tax System (Goods and Services Tax) Amendment (Transition) Regulations 2019

Aust Gov
29th November 2019

Remaking of sunsetting instrument without significant amendments – Department of the Treasury

On 19 September 2019, the Governor‑General made the A New Tax System (Goods and Services Tax) Amendment (Transition) Regulations 2019. The Regulations amend the A New Tax System (Goods and Services Tax) Regulations 2019 to continue provisions from the A New Tax System (Goods and Services Tax Transition) Regulations 2000 that may have some further operation, and which were due to sunset on 1 October 2019.

As the A New Tax System (Goods and Services Tax) Regulations 2019 were themselves remade earlier in the year with effect from 1 April 2019, the Amending Regulations which have now been added to these Regulations are scheduled to sunset on 1 April 2029.

The ceasing Regulations contained a number of transitional provisions that are no longer needed and have been repealed. The Amending Regulations continue provisions relating to arbitrated prices for certain contracts entered into prior to GST enactment, as well as relevant taxes and fees.

Consistent with the Government’s best practice regulation requirements for sunsetting instruments, the Treasury has, after consultation with stakeholders, assessed that the A New Tax System (Goods and Services Tax Transition) Regulations 2000 were largely redundant, with the exception of the provisions noted above which were assessed as being still required and operating effectively. As no additional provisions have been included, a Regulation Impact Statement is not required for remaking this instrument.

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