A New Tax System (Goods and Services Tax) Amendment Regulations 2007 (No. 2) (Cth)

A New Tax System (Goods and Services Tax) Amendment Regulations 2007 (No. 2)¹

Select Legislative Instrument 2007 No. 206

I, PROFESSOR MARIE BASHIR AC, CVO, Deputy for the 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 28 June 2007

MARIE BASHIR

Deputy for the Governor‑General

By Her Excellency’s Command

PETER COSTELLO

Treasurer

1. Name of Regulations

These Regulations are the A New Tax System (Goods and Services Tax) Amendment Regulations 2007 (No. 2).

1. Commencement

These Regulations commence on 1 July 2007.

1. 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)

[1]          After Part 1

insert

Part 2‑5                  Registration

Division 23             Who is required to be registered and who may be registered

23‑15.01Registration turnover threshold (other than for non‑profit bodies) (Act ss 23‑15 (1))

For paragraph 23‑15 (1) (b) of the Act, the amount of $75 000 is specified.

23‑15.02Registration turnover threshold for non‑profit bodies (Act ss 23‑15 (2))

For paragraph 23‑15 (2) (b) of the Act, the amount of $150 000 is specified.

Note

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