Co-operative Housing Societies (GST) Regulations 2000

i Co-operative Housing Societies (GST) Regulations 2000 S.R. No. 49/2000 TABLE OF PROVISIONS Regulation Page 1. Objective 1 2. Authorising provisions 1 3. Commencement 1 4. Principal Regulations 1 5. Definition of GST inserted 2 6. Maximum fees for directors and other officers to include GST 2 7. Fees for liquidators 2 ═══════════════ NOTES 4 -- 1 of 5 -- 1 STATUTORY RULES 2000 S.R. No. 49/2000 Co-operative Housing Societies Act 1958 Co-operative Housing Societies (GST) Regulations 2000 The Governor in Council makes the following Regulations: Dated: 22 June 2000 Responsible Minister: JOHN BRUMBY Treasurer HELEN DOYE Clerk of the Executive Council 1. Objective The objective of these Regulations is to amend the Co-operative Housing Societies Regulations 1995 so GST can be taken into account in calculating certain fee levels under those Regulations. 2. Authorising provisions These Regulations are made under sections 53(2), 59(6) and 98 of the Co-operative Housing Societies Act 1958. 3. Commencement These Regulations come into operation on 1 July 2000. 4. Principal Regulations -- 2 of 5 -- S.R. No. 49/2000 Co-operative Housing Societies (GST) Regulations 2000 2 In these Regulations, the Co-operative Housing Societies Regulations 19951 are called the Principal Regulations. 5. Definition of GST inserted In regulation 4 of the Principal Regulations, after the definition of "Form" insert— ' "GST" has the same meaning as it has in the A New Tax System (Goods and Services Tax) Act 1999 of the Commonwealth.'. 6. Maximum fees for directors and other officers to include GST (1) In regulation 15(1) of the Principal Regulations, after "sub-regulations (2)" insert ", (2A)". (2) In regulation 15 of the Principal Regulations, after sub-regulation (2) insert— "(2A) The total amount paid is to be increased by an amount equal to the amount (if any) of GST payable on the supplies to which the total amount paid relates.". (3) In regulation 16 of the Principal Regulations, for "The maximum" substitute "(1) Subject to sub- regulation (2), the maximum". (4) At the end of regulation 16 of the Principal Regulations insert— "(2) The total amount referred to in sub- regulation (1) is to be increased by an amount equal to the amount (if any) of GST payable on the supplies to which the total amount relates.". 7. Fees for liquidators r. 7 -- 3 of 5 -- S.R. No. 49/2000 Co-operative Housing Societies (GST) Regulations 2000 3 (1) In regulation 20 of the Principal Regulations, for "The maximum fees" substitute "(1) Subject to sub-regulation (2), the fees". (2) At the end of regulation 20 of the Principal Regulations insert— "(2) The fees referred to in sub-regulation (1) are to be increased by an amount equal to the amount (if any) of GST payable on the supplies to which the fees relate.". ═══════════════ -- 4 of 5 -- S.R. No. 49/2000 Co-operative Housing Societies (GST) Regulations 2000 4 NOTES 1 Reg. 4: S.R. No. 8/1995. Notes -- 5 of 5 --