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Legislative Assembly for the ACT: 1999 Week 6 Hansard (22 June) . . Page.. 1740 ..
(iii) will be GST free (or zero rated);
This category relates to goods and services upon which GST is not levied, but GST paid on inputs can still be claimed by registered ACT agencies. Health, education, exports, childcare, religious services and charitable activities will not be included in the GST base.Again, the IDC will be applying the broad definition to agency operations but the final outcome is yet to be identified.
(iv) will satisfy (i), but be paid without an input credit;
Finally, this category applies to goods and services which are not subject to GST and refunds for GST paid on inputs cannot be claimed. The main input taxed categories will be financial services and rental housing, the former due to the difficulty in calculating the amount of value added when it comes to transactions in money, and the latter to ensure neutral treatment between owner-occupied and other housing.
In the latter case, ACT Housing will experience some increase in costs, as residential rents will be subject to input taxation. However, the Commonwealth has agreed to additional funding in the transitional period following the introduction of the GST to offset states and territories for these impacts.
(v)
that do not currently attract wholesale sales tax or wholesale sales tax equivalent payments, but satisfy (i).Most ACT Government businesses are liable to pay wholesale sales tax equivalents.
Specifically, the following ACT Government GBEs are liable to pay wholesale sales tax equivalents: ACTION, EPIC, ACT Forests, Cultural Facilities Corporation, Milk Authority of the ACT, CIT Solutions, Australian International Hotel School, Gungahlin Development Authority, ACTEW Corporation, Totalcare Industries and CanDeliver. Of these CIT Solutions and the Australian International Hotel School have exemptions due to their status as educational institutions. Material wholesale sales tax equivalent payments are expected in the future from ACTION, EPIC, ACTEW Corporation and Totalcare Industries.
In addition to the above, ACTTAB pays wholesale sales tax directly to the Commonwealth.
Other than those listed above all other ACT Government statutory authorities do not currently attract wholesale sales tax or wholesale sales tax equivalent payments.
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