10. Other business
Vanda Davis acknowledged the assistance provided by the ATO in allowing the Federal Chamber of Automotive Industries (FCAI) to make a presentation to the Indirect Tax Ruling Panel on 15 November 2013 on the inconsistent GST treatment of incentives and rebate payments as a result of the AP Group court case. Vanda advised that the FCAI is seeking an amendment to the GST Act to ensure that all incentives are treated the same such that they fall within the GST Act. James O’Halloran noted that the ATO understands the FCAI’s need for certainty in regards to this issue. James also reiterated that the ATO would not take any compliance action to recover input tax credits claimed in the past by manufacturers.
Shane Reardon thanked members for their contributions during the meeting.
The LBLG meeting dates for 2014 are as follows:
Wednesday 2 April 2014 – Canberra
Monday 11 August 2014 – Sydney
Monday 17 November 2014 - Melbourne
The meeting concluded at 2.30pm.