2016‑2017
The Parliament of the
Commonwealth of Australia
THE SENATE
Presented and read a first time
A New Tax System (Goods and Services Tax) Amendment (Make Electricity GST Free) Bill 2017
No. , 2017
(Senator Leyonhjelm)
A Bill for an Act to remove GST from the supply of electricity, and for related purposes
Contents
1............................ Short title............................................................................ 1
2............................ Commencement.................................................................. 1
3............................ Schedules............................................................................ 2
Schedule 1—Amendments 3
A New Tax System (Goods and Services Tax) Act 1999 3
A Bill for an Act to remove GST from the supply of electricity, and for related purposes
The Parliament of Australia enacts:
1 Short title
This Act is the A New Tax System (Goods and Services Tax) Amendment (Make Electricity GST Free) Act 2017.
2 Commencement
(1) Each provision of this Act specified in column 1 of the table commences, or is taken to have commenced, in accordance with column 2 of the table. Any other statement in column 2 has effect according to its terms.
| Commencement information |
| Column 1 | Column 2 | Column 3 |
| Provisions | Commencement | Date/Details |
| 1. Sections 1 and 2 and anything in this Act not elsewhere covered by this table | The day this Act receives the Royal Assent. | |
| 2. Schedule 1 | The first 1 January, 1 April, 1 July or 1 October to occur after the day this Act receives the Royal Assent. | |
Note: This table relates only to the provisions of this Act as originally enacted. It will not be amended to deal with any later amendments of this Act.
(2) Any information in column 3 of the table is not part of this Act. Information may be inserted in this column, or information in it may be edited, in any published version of this Act.
3 Schedules
Legislation that is specified in a Schedule to this Act is amended or repealed as set out in the applicable items in the Schedule concerned, and any other item in a Schedule to this Act has effect according to its terms.
Schedule 1—Amendments
A New Tax System (Goods and Services Tax) Act 1999
1 Subdivision 38‑I—Water, sewerage and drainage
Repeal the heading, substitute:
Subdivision 38‑I—Water, electricity, sewerage and drainage
2 After section 38‑285
Insert:
38‑287 Electricity
(1) A supply of electricity is GST‑free.
(2) To avoid doubt, a supply of equipment for the generation or storage of electricity is not GST‑free.
3 Application
The amendments made to the A New Tax System (Goods and Services Tax) Act 1999 by this Schedule apply in relation to supplies made on or after the day this item commences.