Parliament

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 GST MEASURES FOR NZ BUSINESS IN AUSTRALIA

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.

ENDS

© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

General Assembly: Ardern Rejects Trump Call For War On Drugs

New Zealand will not be signing the United States' document calling for global action on the war on drugs, Prime Minister Jacinda Ardern says.

Ms Ardern is in New York for the United Nations General Assembly this week, along with about 140 other world leaders.

US President Donald Trump is kicking off his week at the UN by holding an event to promote the US document called the Global Call to Action on the World Drug Problem. More>>

 

Pay Equity: Cabinet Funds Deal For Oranga Tamariki Social Workers

The Minister said that an agreement in principle has been reached between Oranga Tamariki and the PSA on a settlement worth $114.6m over five years. More>>

ALSO:

Hunting v Pest Control: Tahr Control Needed To Protect Alpine Habitats

A cull of introduced Himalayan tahr browsing conservation land in Kā Tiritiri o Te Moana/ the Southern Alps is needed to protect special alpine plants and their habitats, Conservation Minister, Eugenie Sage said. More>>

ALSO:

Protest At Sea: Judge Discharges Greenpeace Activists

The judge today discharged Norman and Howell without conviction, saying the cumulative consequences of a conviction would be out of proportion to what was “low level” offending off the Wairarapa coast in April 2017. More>>

ALSO:

Meth Testing Report: Housing NZ "To Right Wrong"

Phil Twyford “Housing NZ acknowledges that around 800 tenants suffered by either losing their tenancies, losing their possessions, being suspended from the public housing waiting list, negative effects on their credit ratings or, in the worst cases, being made homeless.” More>>

ALSO:

No Reshuffle: Meka Whaitiri Removed As A Minister

Meka Whaitiri will be removed as a Minister with immediate effect... The decision was made after receiving a report into an incident that occurred on 27 August in Gisborne, involving Meka Whaitiri and one of her staff. More>>

ALSO:

Asylum: Refugee Quota Increasing To 1500

“The quota increase will take place from July 2020. In the meantime, we will work to increase the number and spread of refugee resettlement and support services. We need to make sure we’re prepared for this change in policy.” More>>

ALSO:

 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

InfoPages News Channels