An Act to amend Part 4 - Value of taxable importations


As referenced at the CBFCA Webinar: Cross –border GST delivered to members on 20 April 2016 by Bob Fraser a former Chairman of the CBFCA, the Tax and Superannuation Laws Amendment (2016 Measures No. 1) Act 2016 has been given Royal Assent to amend the law relating to taxation and for related purposes.

Please note particular the amendments under  Part 4—Value of taxable importations as mentioned at the webinar.

The amendments made by Part 4 of this Schedule apply in relation to taxable importations made on or after the start day. In this item: start day means the first day of the second quarterly tax period starting on or after the day this Schedule commences.

For more information download the Tax and Superannuation Laws Amendment (2016 Measures No. 1) Act 2016.