Australia: Consultation on GST draft instruments
The consultation period for both draft legislative instruments is open until June 25, 2025.
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May 30, 2025
The Australian Taxation Office (ATO) released for consultation for two draft legislative instruments concerning goods and services tax (GST).
- LI 2025/D6 addresses the supply and acquisition of multi-media products. It specifies that these transactions are considered to be under the arrangements outlined in section 153-50 of the GST law. This means that intermediaries and principals involved in these transactions are deemed to have agreed to adopt the specified arrangements. This instrument is set to repeal and replace the existing determination, Goods and Services Tax: Application of Agency Arrangements to the Multi-Media Industry Determination (No. 33) 2015, which is scheduled to sunset on October 1, 2025.
- LI 2025/D7 pertains to the waiver of the tax invoice requirement for recipients of “direct entry services” (also known as the “bulk electronic clearing system”). Under certain circumstances, this waiver allows recipients to attribute the relevant input tax credit to a tax period without holding a tax invoice. This instrument will repeal and replace the A New Tax System (Goods and Services Tax) Act 1999 Waiver of Tax Invoice Requirement Determination (No.30) 2015, which is also set to sunset on October 1, 2025.
The consultation period for both draft legislative instruments is open until June 25, 2025.