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Monday, 24 May 1999
Page: 5235


Senator O'Brien asked the Minister representing the Treasurer, upon notice, on 2 March 1999:

(1) Will the sale of all thoroughbred horses, standard bred horses and greyhounds attract the Government's proposed Goods and Services Tax (GST); if not: (a) what sales will be exempt from the GST; and (b) what will be the basis of those exemptions.

(2) If horses or greyhounds are sold by auction will the commission and other charges imposed by the auctioneer also attract GST.


Senator Kemp (Assistant Treasurer) —Treasurer has provided the following answer to the honourable senator's question:

(1) Where the seller is registered for GST purposes, GST will be charged. However, buyers of horses and greyhounds registered for GST purposes will be able to claim input tax credits for GST paid on business purchases.

(2) Where the auctioneer is registered for GST purposes, GST will be charged. However, businesses registered for GST purposes will be able to claim input tax credits for GST paid on business purchases.