GST groups and GST joint ventures

Tax laws Amendment (2010 GST Administration Measures No. 2) Act 2010 received royal assent on 28 June 2010.

As a result of the amendments, entities are able to, on any day during a tax period:

• form, change and dissolve a GST group or a GST joint venture
• change a representative member (or the joint venture operator).

Also as a result of the amendments, entities are able to enter into an indirect tax sharing agreement (ITSA) to limit their share of any indirect tax liabilities.

These changes apply to tax periods starting on or after 1 July 2010.

Press release

For more information, refer to the Assistant Treasurer's press release number 135/2010 issued on 18 June 2010.

Legislation and supporting material

For more information, refer to the Tax laws Amendment (2010 GST Administration Measures No. 2) Act 2010.

The associated supporting material and explanatory memorandum is also available.

More information

For more information about this new measure, refer to GST groups and GST joint ventures - overview and Indirect tax sharing agreement (ITSA).