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Goods and Services Tax Industry Issues
Charities Consultative Committee

Addendum 3 - Non-commercial activities of charities, cost of supply and market value tests

  • Please note that the PDF version is the authorised version of this ruling.
    This publication is extracted from the Charities Consultative Committee - issues register. See issue 1 of Part 3 of that register. This publication should be read in conjunction with the related content of that register where further context is required.
    View the consolidated version for this notice.

Addendum

This Addendum amends the Non-commercial activities of charities, cost of supply and market value tests Industry issue to remove Section C, Benchmark market values for charities. Section C was replaced with a fact sheet GST and non-commercial rules-benchmark market values on and from 15 May 2013.

The Non-commercial activities of charities, cost of supply and market value tests Industry issue is amended as follows:

1. Paragraph 5, third bullet point

Omit 'Section C' substitute 'The benchmark market values are contained in the fact sheet titled GST and non-commercial rules-benchmark market values. This fact sheet is updated annually to reflect changes in the benchmark market values. New benchmark market values take effect from 1 January each year.'

2. Paragraph 40

Omit the first sentence; substitute 'Benchmark market values for certain supplies made by charities are provided in the fact sheet titled GST and non-commercial rules-benchmark market values.'

3. Paragraph 122

Omit 'The 'benchmark market values' in Section C provide'; substitute 'The fact sheet titled GST and non-commercial rules-benchmark market values provides'

4. Paragraphs 129 to 174

Omit paragraphs 129 to 174 and associated headings; substitute:

Note: Section C dealing with Benchmark market values for charities was replaced with the fact sheet titled GST and non-commercial rules-benchmark market values on and from 15 May 2013. This fact sheet is updated annually to reflect changes in the benchmark market values. New benchmark market values take effect from 1 January each year.

5. Paragraph 332

Omit 'Section C'; substitute 'the fact sheet titled GST and non-commercial rules-benchmark market values'

This Addendum applies on and from 15 May 2013.

Commissioner of Taxation
29 May 2013

References


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