A New Tax System (Goods and Services Tax) Amendment Regulations 2007 (No. 1)

(175 of 2007)

21 June 2007

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

1   Name of Regulations

These Regulations are the A New Tax System (Goods and Services Tax) Amendment Regulations 2007 (No. 1).

2   Commencement

These Regulations commence on 1 July 2007.

3   Amendment of A New Tax System (Goods and Services Tax) Regulations 1999

Schedule 1 amends the A New Tax System (Goods and Services Tax) Regulations 1999.

Schedule 1   Amendment

[1]   After regulation 29-70.02

insert

29-80.01 Value of taxable supply (Act ss 29-80 (1))

For subsection 29-80 (1) of the Act, the amount of $75 is specified.