Senate
A New Tax System (Indirect Tax and Consequential Amendments) Bill (No. 2) 1999
Further Supplementary Explanatory Memorandum
Amendments to be moved on behalf of the Government (Circulated by authority of the Treasurer, the Hon Peter Costello, MP)General outline and financial impact
Registration threshold for non-profit sub-entities
The amendment to the A New Tax System (Indirect Tax and Consequential Amendments) Bill (No. 2) 1999 will increase the registration turnover threshold for a non-profit sub-entity to $100,000.
Date of effect : 1 July 2000.
Proposal announced : Not announced.
Financial impact : Negligible.
Compliance cost impact : Reduces compliance costs for those entities choosing the option.
Summary of Regulation impact statement
A Regulation impact statement is not required for this measure.