A New Tax System (Goods and Services Tax) Act 1999

Chapter 5 - Miscellaneous  

Part 5-1 - Miscellaneous  

Division 177 - Miscellaneous  

177-20   Review of provisions relating to offshore supplies of low value goods  

(1)    
By the day after this section commences, the Productivity Minister must, under Part 3 of the Productivity Commission Act 1998 , refer to the Productivity Commission for inquiry the matter of the amendments to this Act made by the amending Act, including:

(a) the effectiveness of the amendments; and

(b) whether models for collecting goods and services tax in relation to *offshore supplies of low value goods other than the amendments might be suitable (including evaluation of the effects of the models on Australian small businesses and *consumers); and

(c) any other aspect the Productivity Commission considers relevant to the implementation of the amendments.

(2)    
In referring the matter to the Productivity Commission for inquiry, the Productivity Minister must:

(a) under paragraph 11(1)(a) of the Productivity Commission Act 1998 , require the Productivity Commission to hold hearings for the purposes of the inquiry; and

(b) under paragraph 11(1)(b) of that Act, specify the period ending on 31 October 2017 as the period within which the Productivity Commission must submit its report on the inquiry; and

(c) under paragraph 11(1)(d) of that Act, require the Productivity Commission to make recommendations in relation to the matter referred to in subsection (1).

Note:

Under section 12 of the Productivity Commission Act 1998 , the Productivity Minister must cause a copy of the Productivity Commission ' s report to be tabled in each House of the Parliament.

(3)    
The Productivity Minister must not withdraw the reference before the Productivity Minister has received the report.

(4)    
For the purposes of paragraph 6(1)(a) of the Productivity Commission Act 1998 , the matter mentioned in subsection (1) is taken to be a matter relating to industry, industry development and productivity.

(5)    
In this section:

amending Act
means the Treasury Laws Amendment (GST Low Value Goods) Act 2017 .

Productivity Minister
means the Minister administering the Productivity Commission Act 1998 .