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Thursday, 13 February 2003
Page: 11932

Mr Murphy asked the Treasurer, upon notice, on 4 December 2002:

Is the Government confident that all owners of businesses who operate in a largely cash environment are (a) collecting the full amount of the Goods and Services Tax (GST) at the point of sale and (b) remitting to the Australian Taxation Office (ATO) the full amount of GST collected; if so, why; if not, why not.

Mr Costello (Treasurer) —The answer to the honourable member's question is as follows:

The ATO advises that there is a very high level of compliance with goods and services tax (GST) obligations particularly considering it has been in place only since 1 July 2000. The Government recognises the efforts of the business sector to fulfil its tax obligations.