A New Tax System (Commonwealth–State Financial Arrangements) Regulations 2003

Statutory Rules 2003 No. 1251

I, GUY STEPHEN MONTAGUE GREEN, Administrator of the Commonwealth of Australia, acting with the advice of the Federal Executive Council, make the following Regulations under the A New Tax System (Commonwealth–State Financial Arrangements) Act 1999.

Dated 12 June 2003

G. S. M. GREEN

Administrator

By His Excellency’s Command

PETER COSTELLO

Treasurer

1 Name of Regulations

  These Regulations are the A New Tax System (Commonwealth–State Financial Arrangements) Regulations 2003.

2 Commencement

  These Regulations commence on gazettal.

3 Definition

  In these Regulations:

Act means the A New Tax System (Commonwealth–State Financial Arrangements) Act 1999.

4 Transitional GST year

  For paragraph (b) of the definition of transitional GST year in section 4 of the Act, the following GST years are prescribed:

 (a) the GST year commencing on 1 July 2003;

 (b) the GST year commencing on 1 July 2004;

 (c) the GST year commencing on 1 July 2005.

Note   A transitional GST year for section 4 of the Act is described by a figure referring to 2 years (for example, the 2003–04 transitional GST year is the transitional GST year commencing on 1 July 2003).

Note

1. Notified in the Commonwealth of Australia Gazette on 19 June 2003.