Gordon Campbell | Parliament TV | Parliament Today | Video | Questions Of the Day | Search


New GST Measures For NZ Business In Australia

Press Release

29 June 2000


New Zealand companies operating in Australia which have not been able to get an Australian Business Number by July 1, when Goods and Services Tax is introduced in Australia, will be issued with letters by the Australian Tax Office which will allow them to do business.

Minister for Trade Negotiations Jim Sutton said New Zealand exporters would not be penalised by the new Australian tax system.

The Australian Tax Office has given its assurance that New Zealand exporters unable to obtain an Australian Business Number by July 1 will not be penalised by the new Australian GST.

Those exporters who have applied for an ABN but who do not receive one by July 1, when GST is introduced into Australia, will be issued with letters from the ATO which will give them the authority to operate under the new tax system without an ABN.

Mr Sutton said he was delighted that New Zealand exporters would be able to continue their trade with Australia unhindered by the tax reforms.

"Trade NZ and the Ministry of Foreign Affairs and Trade have been in continual contact with the Australian Tax Office and have received an assurance that these letters, designed for domestic businesses, will be available to New Zealanders."

Under Australian GST legislation, those businesses without ABNs on July 1 previously risked having 48.5% of payments due to them withheld by their Australian customers for remittance to the ATO. Others risked losing business as importers declined to do business with entities which did not hold ABNs when the new tax was introduced.

The waiver letters were great news for exporters, Mr Sutton said. He encouraged all exporters to Australia who had not yet registered for the new Australian tax system to do so as soon as possible.


© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines


Also, Loan Interest: Productivity Commission On Tertiary Education

Key recommendations include better quality control; making it easier for students to transfer between courses; abolishing University Entrance; enabling tertiary institutions to own and control their assets; making it easier for new providers to enter the system; and facilitating more and faster innovation by tertiary education providers... More>>


Higher Payments: Wellington Regional Council Becomes A Living Wage Employer

Councillor Sue Kedgley said she was delighted that the Wellington Regional Council unanimously adopted her motion to become a Living Wage employer, making it the first regional council in New Zealand to do so. More>>


Scoop Images:
Dame Patsy Reddy Sworn In As Governor-General

This morning Dame Patsy Reddy was sworn in as the New Zealand Realm’s 21st Governor-General. The ceremony began with a pōwhiri to welcome Dame Patsy and her husband Sir David Gascoigne to Parliament. More>>


Ruataniwha: DOC, Hawke's Bay Council Developer Take Supreme Court Appeal

The Department of Conservation and Hawke's Bay Regional Investment Company (HBRIC) are appealing to the Supreme Court over a conservation land swap which the Court of Appeal halted. More>>


With NZ's Marama Davidson: Women’s Flotilla Leaves Sicily – Heading For Gaza

Women representing 13 countries spanning five continents began their journey yesterday on Zaytouna-Oliva to the shores of Gaza, which has been under blockade since 2007. On board are a Nobel Peace Laureate, three parliamentarians, a decorated US diplomat, journalists, an Olympic athlete, and a physician. A list of the women with their background can be found here. More>>

Gordon Campbell: On The Key Style Of Crisis Management

At Monday’s post Cabinet press conference Key was in his finest wide- eyed “Problem? What problem?” mode. No, there wasn’t really a problem that top MPI officials had been at odds with each other over the meaning of the fisheries policy and how that policy should be pursued... More>>


Mt Roskill: Greens Will Not Stand In Likely Post-Goff By-Election

“The Green Party’s priority is changing the Government in 2017, and as part of that we’ve decided that we won’t stand a candidate in the probable Mt Roskill by-election... This decision shows the Memorandum of Understanding between Labour and the Green Party is working." More>>


Get More From Scoop



Search Scoop  
Powered by Vodafone
NZ independent news