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Budget 2009: Government response to Board of Taxation Review of GST Administration.
GOVERNMENT RESPONSE TO BOARD OF TAXATION REVIEW OF GST
Tonight I am pleased to announce the Government's response to the Board of Taxation's review of the legal framework for the administration of the GST. I thank the Board for undertaking this review and I release the Board's report tonight.
The Board has made 46 recommendations and I have agreed to implement 41 of these recommendations. Most of the recommendations with substantial changes to the GST law will apply from 1 July 2010, with recommendation 20 applying from 7.30pm (AEST) on 12 May 2009 (see Attachment A).
The key components of the package announced by the Government tonight include: