GST and the export of boats

On 27 June 2011, the Tax Laws Amendment (2011 Measures No. 3) Act 2011 received royal assent. Schedule 1 amends the A New Tax System (Goods and Services Tax) Act 1999 (GST Act) to allow eligible boats to be sold in Australia GST-free if they are:

• exported by the purchaser or supplier within 12 months
• only used for recreational purposes.

This amendment extends the GST-free period for exportation of eligible boats from 60 days to 12 months.

The measure will take effect from 1 July 2011.

Media releases

For more information, refer to the following:

• media release No 023/2011 issued on 1 February 2011 by the Assistant Treasurer
• media release No 088/2010 issued on 11 May 2010 by the former Assistant Treasurer.

Legislation and supporting material

For more information, refer to:

• Tax Laws Amendment (2011 Measures No.3) Act No.51 2011
• Explanatory Memorandum.

More information

For more information, refer to:

• GST-free purchases of new recreational boats - purchasers
• GST-free sales of new recreational boats - suppliers.