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Schedule 2—Third party reporting

Schedule 2 Third party reporting

Part 1 Amendments

Taxation Administration Act 1953

1  Section 396-55 in Schedule 1 (at the end of the table)

Add:

11

an entity that makes a * supply of a cleaning service and has an * ABN

the provision of consideration (within the meaning of the * GST Act) by the entity to another entity wholly or partly for the * supply by the other entity of a cleaning service, unless:

(a) the entities are * members of the same * consolidated group or * MEC group; or

(b) Division 12 requires that an amount be withheld from the payment of the consideration

12

an entity that makes a * supply of a courier service and has an * ABN

the provision of consideration (within the meaning of the * GST Act) by the entity to another entity wholly or partly for the * supply by the other entity of a courier service, unless:

(a) the entities are * members of the same * consolidated group or * MEC group; or

(b) Division 12 requires that an amount be withheld from the payment of the consideration

Part 2 Application and transitional provisions

2  Application

(1)       An inserted item applies in relation to a transaction unless:

                     (a)  the transaction happens before 1 July 2018; or

                     (b)  the transaction happens during an alternative reporting period that begins before 1 July 2018.

(2)       In this item:

alternative reporting period , in relation to an inserted item, means a period specified for the inserted item under subparagraph (a)(ii) of the amended provision.

amended provision means section 396-55 in Schedule 1 to the Taxation Administration Act 1953 , as amended by item 1 of this Schedule.

inserted item means either item 11 or 12 of the table in the amended provision.