Bill
A New Tax System (Goods and Services Tax) Amendment (Make Electricity GST Free) Bill 2017
lapsed, as at 2019-07-01.
- Sponsor
- LEYONHJELM, Sen David
- Portfolio
- Not recorded
Recorded stages
- introduced — 2017-09-05
- second reading — 2017-09-05
- second reading — 2017-09-07
- second reading — 2017-09-07
- other — 2018-08-23
- other — 2019-07-01
Divisions
Plain-language summary
Written by a model from the explanatory memorandum; not the record, as at 2017-09-05.
The bill would remove the goods and services tax from electricity supplies.
It would take effect from the first day of the quarter after Royal Assent.
The government says a typical household could save around $200 each year.
- Makes a supply of electricity GST-free.
- Overrides the previous commitment to vary the GST base only with unanimous state and territory support.
- Reduces GST revenues granted to state and territory governments by around $2 billion each year.
Households, low-income households, state and territory governments, and the Commonwealth budget.
Sources
em
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