Comments are open until 25 June 2025.
The Australian Taxation Office (ATO) has issued two draft legislative instruments, LI 2025/D6 and LI 2025/D7, for public consultation on the goods and services tax (GST) on 28 May 2025.
The key measures of draft instruments are as follows:
LI 2025/D6 – A New Tax System (Goods and Services Tax) (Application of Intermediary Arrangements to the Multi-Media Industry) Determination 2025
LI 2025/D6 covers the supply and acquisition of multimedia products. These transactions fall under section 153-50 of the GST law, meaning intermediaries and principals are deemed to have agreed to the specified arrangements.
A multi-media product means:
- A product (not including gambling products, telephone cards or gift cards) that combines various forms of media, such as text, images, audio, video, and interactive elements, to convey information or provide entertainment; and
- A product that is provided as an add-on or extension to another product
This instrument will repeal and replace the Goods and Services Tax: Application of Agency Arrangements to the Multi-Media Industry Determination (No. 33) 2015, which expires on 1 October 2025.
The deadline for sending comments on this instrument is 25 June 2025.
LI 2025/D7 – A New Tax System (Goods and Services Tax) (Waiver of Tax Invoice Requirement – Direct Entry Services) Determination 2025
LI 2025/D7 waives the tax invoice requirement for recipients of “direct entry services” (or the “bulk electronic clearing system”). In some cases, this allows recipients to claim input tax credits for a tax period without a tax invoice.
In this instrument:
- Act means the A New Tax System (Goods and Services Tax) Act 1999.
- Australian ADI has the same meaning as section 9 of the Corporations Act 2001.
- Direct entry service means a service that involves an Australian ADI processing an entity’s direct credit and direct debit payments.
To attribute an input tax credit for a creditable acquisition to a tax period, a recipient is not required to hold a tax invoice for the acquisition of the Act if:
- The recipient acquires a direct entry service from an Australian ADI; and
- At the time the recipient gives a GST return to the Commissioner for the tax period to which the input tax credit (or any part of the input tax credit) for the acquisition would otherwise be attributable, the recipient holds a document from the Australian ADI, in relation to the acquisition, that meets the requirements in section 7.
This instrument will repeal and replace the A New Tax System (Goods and Services Tax) Act 1999 Waiver of Tax Invoice Requirement Determination (No.30) 2015, which expires on 1 October 2025.
The deadline for sending comments on this instrument is 25 June 2025.
