A New Tax System (Goods and Services Tax) Amendment Regulations 2007 (No. 1) (Cth)

A New Tax System (Goods and Services Tax) Amendment Regulations 2007 (No. 1)¹

Select Legislative Instrument 2007 No. 175

I, PHILIP MICHAEL JEFFERY, Governor‑General of the Commonwealth of Australia, acting with the advice of the Federal Executive Council, make the following Regulations under the A New Tax System (Goods and Services Tax) Act 1999.

Dated 21 June 2007

P. M. JEFFERY

Governor‑General

By His Excellency’s Command

PETER CRAIG DUTTON

Minister for Revenue and Assistant Treasurer

Name of Regulations

These Regulations are the A New Tax System (Goods and Services Tax) Amendment Regulations 2007 (No. 1).

Commencement

These Regulations commence on 1 July 2007.

Amendment of A New Tax System (Goods and Services Tax) Regulations 1999

Schedule 1 amends the A New Tax System (Goods and Services Tax) Regulations 1999.

Schedule 1 Amendment

(regulation 3)

After regulation 29‑70.02

insert

29‑80.01Value of taxable supply (Act ss 29‑80 (1))

For subsection 29‑80 (1) of the Act, the amount of $75 is specified.

Note

All legislative instruments and compilations are registered on the Federal Register of Legislative Instruments kept under the Legislative Instruments Act 2003. See