A New Tax System (Goods and Services Tax) Amendment Regulations 2007 (No. 2)1
Select Legislative Instrument 2007 No. 206
I, PROFESSOR MARIE BASHIR AC, CVO, Deputy for the Governor‑General of the Commonwealth of Australia, acting with the advice of the Federal Executive Council, make the following Regulations under the A New Tax System (Goods and Services Tax) Act 1999.
Dated 28 June 2007
MARIE BASHIR
Deputy for the Governor‑General
By Her Excellency’s Command
PETER COSTELLO
Treasurer
1              Name of Regulations
                These Regulations are the A New Tax System (Goods and Services Tax) Amendment Regulations 2007 (No. 2).
2              Commencement
                These Regulations commence on 1 July 2007.
3              Amendment of A New Tax System (Goods and Services Tax) Regulations 1999
                Schedule 1 amends the A New Tax System (Goods and Services Tax) Regulations 1999.
Schedule 1        Amendment
(regulation 3)
  
[1]           After Part 1
insert
Part 2‑5              Registration
Division 23            Who is required to be registered and who may be registered
23‑15.01      Registration turnover threshold (other than for non‑profit bodies) (Act ss 23‑15 (1))
                For paragraph 23‑15 (1) (b) of the Act, the amount of $75 000 is specified.
23‑15.02      Registration turnover threshold for non‑profit bodies (Act ss 23‑15 (2))
                For paragraph 23‑15 (2) (b) of the Act, the amount of $150 000 is specified.
Note
1.       All legislative instruments and compilations are registered on the Federal Register of Legislative Instruments kept under the Legislative Instruments Act 2003. See www.frli.gov.au.