EXPLANATORY STATEMENT
STATUTORY RULE 1985 NO. 99
ISSUED BY THE AUTHORITY OF THE TREASURER
The Sales Tax Laws Amendment Act 1985 (Act No. 47 assented to 30 May 1985), amended the sales tax law in a number of respects. In particular, this Act brought the provisions relating to returns and payment of sales tax on imported goods into line with the Customs law and procedures by applying the sales tax at the rate of tax applicable at the time imported goods are entered for home consumption under that law.
In practical terms, the only changes effected to the Sales Tax (Exemptions and Classifications) Regulations by the Schedule to this regulation are changes of language to reflect the fact that liability for sales tax on imported goods now arises in relation to the entry of those goods for home consumption, rather than on their importation.