GST Rulings - Summaries
This Ruling explains what a joint venture is for the purposes of the A New Tax System (Goods and Services Tax) Act 1999 (GST Act). It sets out the features that the Commissioner considers characterise an arrangement as a joint venture in the context of the GST Act.
The Ruling distinguishes between a partnership and a joint venture setting out the main features of both arrangements.
Issued 7 April 2004
GSTR 2003/10 Goods and Services Tax: What is 'precious metal' for the purposes of GST?
This ruling considers what is 'precious metal' for the purposes of sections 38-385 and 40-100 of the GST Act. It discusses what is precious metal comprising of gold, silver or platinum.
The ruling then discusses when gold, silver or platinum are in 'an investment form' for the purposes of the definition of precious metal in the GST Act.
Issued 18 June 2003.
GSTR 2000/32 Goods and Services Tax: attributing GST payable on supplies of gas and electricity made by public utility providers.
This ruling applies to 'public utility providers' that provide customers with the option to make payments for gas or electricity supplies prior to the issue of an invoice.
A 'public utility provider' is an authority or an enterprise the primary business of which is to provide electricity or gas to the public for domestic or business purposes. The public utility provider may be publicly or privately owned.
The ruling explains the reasons for, and the effect of, the determination that the Commissioner has made under section 29-25 about when to attribute GST payable on supplies of this kind. A copy of the determination is attached to the Ruling.
Issued 26 July 2000.
RCTI 2000/17 (as amended) - Recycling precious metals
This determination commences on 22 August 2000. Under this determination, a tax invoice that belongs to a class of tax invoices for a taxable supply of precious metal may be issued by a recycler that is the recipient of that taxable supply. The recycler establishes the value of those goods after the supply is made using a qualitative or quantitative process and satisfies certain other requirements.
Precious metal means goods as defined in the definition of precious metal in the GST Act. Recycler means an entity that principally acquires the precious metal for reworking into useable form.
RCTI 2000/28 - Worker's compensation insurance premiums: Joint Coal Board of New South Wales
This determination commences on 1 July 2000. Under this determination, a coal mining company which is the recipient of a taxable supply, may issue a tax invoice that belongs to other classes of tax invoices for a supply of workers' compensation insurance cover, where the recipient establishes the value of the supply and satisfies certain other requirements.
A coal mining company means a business that supplies workers' compensation insurance premiums to the Joint Coal Board of New South Wales.
Last Modified: Wednesday, 22 October 2008