A New Tax System (GST, Luxury Car Tax and Wine Tax) Direction 2015 (Cth)

A New Tax System (GST, Luxury Car Tax and Wine Tax) Direction 2015 I, MATHIAS HUBERT PAUL CORMANN, Minister for Finance, make the following direction.

Dated 10 April 2015

MATHIAS HUBERT PAUL CORMANN Minister for Finance

Contents Part 1—Preliminary 1 Name 2 Commencement 3 Authority 4 Schedules 5 Definitions 6 Purpose of instrument Part 2—Directions 7 Notional liability to pay GST 8 Notional entitlement to input tax credits 9 Notional liability to pay luxury car tax 10 Notional liability to pay wine tax 11 Notional entitlement to wine tax credits 12 Registration 13 GST returns 14 Net amounts 15 Notional adjustments 16 Adjustment of net amounts 17 Transfer of net amounts to Commissioner 18 Transfer of net amounts by Commissioner 19 Transfer of amounts between an entity's accounts 20 Transfer of importation amounts to Commissioner 21 General direction to Commissioner Schedule 1—Repeals Finance Minister's (A New Tax System) Directions 2005

Part 1—Preliminary

1 Name This is the A New Tax System (GST, Luxury Car Tax and Wine Tax) Direction 2015.

2 Commencement This instrument is taken to have commenced on 1 April 2015.

3 Authority This instrument is made under the following provisions: (a) subsection 177‑1(2) of the A New Tax System (Goods and Services Tax) Act 1999; (b) subsection 21‑1(2) of the A New Tax System (Luxury Car Tax) Act 1999; (c) subsection 27‑20(2) of the A New Tax System (Wine Equalisation Tax) Act 1999.

4 Schedules Each instrument that is specified in a Schedule to this instrument is amended or repealed as set out in the applicable items in the Schedule concerned, and any other item in a Schedule to this instrument has effect according to its terms.

5 Definitions (1) In this instrument: GST Act means the A New Tax System (Goods and Services Tax) Act 1999. LCT Act means the A New Tax System (Luxury Car Tax) Act 1999. WET Act means the A New Tax System (Wine Equalisation Tax) Act 1999. Note: An expression used in this instrument that is defined in the GST Act, the LCT Act or the WET Act has the same meaning in this instrument as it has in the GST Act, the LCT Act or the WET Act, as the case requires. (2) A reference in this instrument to the Commonwealth includes a reference to an untaxable Commonwealth entity. (3) A reference in this instrument to the GST Act includes a reference to the A New Tax System (Goods and Services Tax Transition) Act 1999.