A New Tax System (Goods and Services Tax) Act 1999 Rules for Applying Subdivision 66-B Determination (No.31) 2015 (Cth)

Legislative Instrument

Goods and Services Tax: Rules for Applying Subdivision 66-B Determination (No. 31) 2015

I, James O'Halloran, Deputy Commissioner of Taxation, make this determination under paragraph 66-70(1)(a) of the A New Tax System (Goods and Services Tax) Act 1999 I make the following determination:

James O'Halloran Deputy Commissioner of Taxation

Dated: 15 September 2015

Name of Determination

1. This determination is the A New Tax System (Goods and Services Tax) Act 1999 Rules for Applying Subdivision 66-B Determination (No.31) 2015.

Commencement

2. This determination commences on the day after registration.

Repeal of previous instrument

3. The following determination is repealed on the commencement of this determination:

* A New Tax System (Goods and Services Tax) Rules for Applying Subdivision 66-B Determination (No. 1) 2000 (the previous instrument) - F2005B01877, registered on 26/07/2005 is repealed on the commencement of this determination.

Determination (Who is covered by this Determination)

4. This determination applies to:

* an entity that was determined in the previous instrument ; or

* an entity that was not determined in the previous instrument, provided it satisfies all the requirements of this instrument.

5. This determination applies to entities that are registered for GST.

Application

6. This determination does not apply to second-hand goods that Subdivision 66-B already applies to, nor does it affect the operation of the Subdivision in relation to those goods.

7. This determination applies to second-hand goods of a kind specified in

Clause 6 that a GST registered entity acquires for the purposes of sale or exchange (but not for manufacture) in the ordinary course of business.