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Media Release - Nat 2000/03
"The draft ruling on GST and vouchers is a sensible approach to protecting the integrity of the new tax system before it begins," Tax Commissioner Michael Carmody said today.
"It would be unfair if you could go out now and buy vouchers for things you'll get after 1 July without the GST being factored into the price.
"The community wants fairness in the system. They don't want to sit in the cinema after 1 July having paid GST on their ticket, next to someone who bought a year's worth of tickets GST free in June. That's what these arrangements stop.
"For many vouchers, like season tickets, the proportion falling after 1 July will be obvious," Mr Carmody said.
"The draft ruling gives guidance on how suppliers can use an objective basis for deciding the proportion which can reasonably be expected to fall after 1 July."
"Before finalising the ruling we would be happy to receive suggestions from industry on practical ways of achieving the fair result sought by the ruling."
The principles behind the ruling have been in the public arena since the draft GST legislation was released over a year ago.
The draft ruling GSTR 1999/D12 is available on the Tax Office's reform web site www.taxreform.ato.gov.au
27 January 2000
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