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Monday, 26 February 2001
Page: 24435


Mr Kelvin Thomson asked the Treasurer, upon notice, on 10 May 2000:

(1) Has his attention been drawn to a report in the Australian Financial Review on 26 April 2000 headed Late GST decision software problem.

(2) When will the Australian Taxation Office rule on how to convert foreign currency to Australian dollars under a GST.

(3) When will the format of the Business Activity Statement be finalised.


Mr Costello (Treasurer) —The Assistant Treasurer has provided the following answer to the honourable member's question:

(1) and (2) I refer the honourable member to ruling GSTR 2001/2 and to draft ruling GSTR 2000/D15.

(3) The format of the Business Activity Statements was finalised in December 1999 after extensive consultation with business and tax professionals.