Commonwealth Consolidated Acts Commonwealth Consolidated Acts
A New Tax System (End of Sales Tax) Act 1999
1 After subsection 3(1)
Insert:
(1A) However, if the assessable dealing is in respect of a supply to which section 6A of the A New Tax System (Goods and Services Tax Transition) Act 1999 applies, this section does not apply unless the time of dealing is after the end of the transition trading period (within the meaning of that section).
A New Tax System (Goods and Services Tax Transition) Act 1999
2 At the end of Part 1
Add:
6A Trading periods spanning midnight on 30 June 2000
(1) Despite section 6, if:
(a) an entity has chosen to apply this section; and
(b) the entity makes a supply that, under section 6, would be taken to be made on 1 July 2000 but before:
(i) 6 am on that day; or
(ii) if the entity has chosen to stop the application of this section at an earlier time on that day--the time so chosen; and
(c) the part of the entity's enterprise through which the supply is made was open for business both immediately before 1 July 2000 and immediately after 30 June 2000; and
(d) that part of the entity's enterprise remains open for business during 1 July 2000 until at least the time at which, under section 6, the supply would be taken to be made;
the supply, and the acquisition made by the recipient of the supply, is taken, for the purposes of this Act, to be made immediately before 1 July 2000.
(2) If an entity makes a supply to which subsection (1) applies, then, in relation to that supply:
(a) section 12 has effect as if the reference in paragraph 12(1)(b) to a period that begins before 1 July 2000 and ends on or after 1 July 2000 were a reference to a period that begins before the end of the transition trading period and ends on or after the end of the transition trading period; and
(b) Part 4 has effect as if references to having goods on hand at the start of 1 July 2000 were references to having goods on hand immediately after the end of the transition trading period; and
(c) subsection 16(3A) has effect as if the reference to the amount of sales tax borne changing after 1 July 2000 were a reference to that amount changing after the end of the transition trading period; and
(d) paragraph 17(1)(b) has effect as if the reference to applying the goods on or after 1 July 2000 were a reference to applying the goods after the end of the transition trading period; and
(e) paragraph 17(3)(b) has effect as if the reference to ceasing to be registered on or after 1 July 2000 were a reference to ceasing to be registered after the end of the transition trading period; and
(f) section 24 has effect as if:
(i) the reference to making gambling supplies before 1 July 2000 were a reference to making gambling supplies before the end of the transition trading period; and
(ii) the reference to a gambling event happening on or after 1 July 2000 were a reference to a gambling event happening on or after the end of the transition trading period; and
(iii) the references to gambling events that happened before 1 July 2000 were references to gambling events that happened before the end of the transition trading period; and
(g) section 24A has effect as if the references to vouchers supplied before, not redeemed before, or supplied after, 1 July 2000 were references to vouchers supplied before, not redeemed before, or supplied after, the end of the transition trading period (as the case requires).
(3) This section does not apply if, but for this section, the supply would be input taxed.
(4) In this section:
"transition trading period" means the period ending:
(a) at the first time after 30 June 2000 that the part of the entity's enterprise through which the supply in question was made was not open for business; or
(b) at:
(i) 6 am on 1 July 2000; or
(ii) if the entity has chosen to stop the application of this section at an earlier time on that day--the time so chosen;
whichever occurs sooner.
3 At the end of subsection 7(1)
Add:
Note: GST may not apply to supplies during trading periods spanning midnight on 30 June 2000: see section 6A.
4 At the end of subsection 8(1)
Add:
Note 3: Sales tax may still apply to supplies during trading periods spanning midnight on 30 June 2000: see section 6A.
A New Tax System (Wine Equalisation Tax and Luxury Car Tax Transition) Act 1999
5 After subsection 3(2)
Insert:
(2A) This section applies to wine that is the subject of a supply to which section 6A of the A New Tax System (Goods and Services Tax Transition) Act 1999 applies as if the reference in paragraph (1)(b) of this section to having wine on hand at the start of 1 July 2000 were a reference to having wine on hand immediately after the end of the transition trading period (within the meaning of that section).