Note: Where available, the PDF/Word icon below is provided to view the complete and fully formatted document
Treasury Laws Amendment (GST Low Value Goods) Bill 2017

Bill home page  


Download WordDownload Word


Download PDFDownload PDF

2016-2017

 

 

THE PARLIAMENT OF THE COMMONWEALTH OF AUSTRALIA

 

 

THE SENATE

 

 

Treasury Laws Amendment (GST Low Value Goods) Bill 2017

 

 

Schedule of the amendments made by the Senate

 

 

 

 

 

(1)     Schedule  1 , page 24 (after line 35) , after item  53 , insert:

53A  At the end of Division 177

Add:

177-20   Review of provisions relating to offshore supplies of low value goods

             (1)  By the day after this section commences, the Productivity Minister must, under Part 3 of the Productivity Commission Act 1998 , refer to the Productivity Commission for inquiry the matter of the amendments to this Act made by the amending Act, including:

                     (a)  the effectiveness of the amendments; and

                     (b)  whether models for collecting goods and services tax in relation to * offshore supplies of low value goods other than the amendments might be suitable (including evaluation of the effects of the models on Australian small businesses and * consumers); and

                     (c)  any other aspect the Productivity Commission considers relevant to the implementation of the amendments.

             (2)  In referring the matter to the Productivity Commission for inquiry, the Productivity Minister must:

                     (a)  under paragraph 11(1)(a) of the Productivity Commission Act 1998 , require the Productivity Commission to hold hearings for the purposes of the inquiry; and

                     (b)  under paragraph 11(1)(b) of that Act, specify the period ending on 31 October 2017 as the period within which the Productivity Commission must submit its report on the inquiry; and

                     (c)  under paragraph 11(1)(d) of that Act, require the Productivity Commission to make recommendations in relation to the matter referred to in subsection (1).

Note:          Under section 12 of the Productivity Commission Act 1998 , the Productivity Minister must cause a copy of the Productivity Commission’s report to be tabled in each House of the Parliament.

             (3)  The Productivity Minister must not withdraw the reference before the Productivity Minister has received the report.



 

             (4)  For the purposes of paragraph 6(1)(a) of the Productivity Commission Act 1998 , the matter mentioned in subsection (1) is taken to be a matter relating to industry, industry development and productivity.

             (5)  In this section:

amending Act means the Treasury Laws Amendment (GST Low Value Goods) Act 2017 .

Productivity Minister means the Minister administering the Productivity Commission Act 1998 .

(2)     Schedule  1 , item  65 , page 27 (line 5) , omit “ 1 July 2017 ”, substitute “ 1 July 2018 ”.

(3)     Schedule  1 , item  65 , page 27 (line 6) , omit “ 1 July 2017 ”, substitute “ 1 July 2018 ”.

(4)     Schedule  1 , item  65 , page 27 (lines 9 and 10) , omit “ 1 July 2017 ”, substitute “ 1 July 2018 ”.

 

 

 

 

 

Richard Pye

Clerk of the Senate

 

 

The Senate

19 June 2017