Summary

Amends the: A New Tax System (Goods and Services Tax) Act 1999 and Taxation Administration Act 1953 in relation to non-profit bodies; goods and services tax (GST) accounting for transactions between agents and principals; and the new uniform penalty regime introduced in the A New Tax System (Tax Administration) Bill (No. 2) 2000; A New Tax System (Goods and Services Tax) Act 1999 in relation to GST-free supplies; supplies involving non-residents; financial supplies; supplies of livestock or game; new residential premises; adjustments notes for overpaid GST; individuals and GST groups; second-hand goods; associates of GST branches and government related entities; turnover of gambling supplies; electronic lodgment of GST returns; timing of GST credit entitlement; government schools; GST religious groups; school tuckshops; inwards duty free shops; interaction with fringe benefits tax; mixed supply; reimported goods; reimbursement of partners; employers paying work-related expenses of employees; imported goods supplied in bond; and deceased estates; A New Tax System (Goods and Services Tax) Act 1999, A New Tax System (Goods and Services Tax Transition) Act 1999 and Taxation Administration Act 1953 in relation to rules for calculating GST; A New Tax System (Australian Business Number) Act 1999, A New Tax System (Goods and Services Tax) Act 1999, Income Tax Assessment Act 1936, Income Tax Assessment Act 1997 and Taxation Administration Act 1953 in relation to joint ventures; A New Tax System (Goods and Services Tax) Act 1999 and A New Tax System (Goods and Services Tax Transition) Act 1999 in relation to insurance; Taxation (Interest on Overpayments and Early Payments) Act 1983 in relation to interest on overpayments of GST; Sales Tax Assessment Act 1992 in relation to sales tax liability on certain alcoholic beverages held on 30 June 2000; A New Tax System (Australian Business Number) Act 1999 in relation to application of the Act to: superannuation funds; partnerships; and mutual organisations; A New Tax System (Goods and Services Tax Transition) Act 1999 in relation to application of GST to rights; pre-paid funerals; alcoholic beverages; and input tax credits on motor vehicles; Taxation Administration Act 1953 in relation to joint and several liability of GST groups; and credits of representative members of GST groups; A New Tax System (Wine Equalisation Tax) Act 1999 in relation to producer rebates; A New Tax System (Luxury Car Tax) Act 1999 to apply the luxury car tax to campervans and motor homes; Customs Act 1901 in relation to customs duty and GST on non-commercial low value postal importations; and A New Tax System (Ends of Sales Tax) Act 1999, A New Tax System (Goods and Services Tax Transition) Act 1999 and A New Tax System (Wine Equalisation Tax and Luxury Car Tax Transition) Act 1999 in relation to trading periods spanning midnight on 30 June 2000.