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Schedule 1—Amendments

Schedule 1 Amendments

   

A New Tax System (Goods and Services Tax) Act 1999

1  Subdivision 38-I— Water, sewerage and drainage

Repeal the heading, substitute:

Subdivision 38-I Water, electricity, sewerage and drainage

2  After section 38-285

Insert:

38-287   Electricity

             (1)  A supply of electricity is GST-free .

             (2)  To avoid doubt, a supply of equipment for the generation or storage of electricity is not GST-free.

3  Application

The amendments made to the A New Tax System (Goods and Services Tax) Act 1999 by this Schedule apply in relation to supplies made on or after the day this item commences.