A New Tax System (Goods and Services Tax) Amendment Regulations 2007 (No. 1)

A New Tax System (Goods and Services Tax) Amendment Regulations 2007 (No. 1 ) 1 Select Legislative Instrument 2007 No. 175 I, PHILIP MICHAEL JEFFERY , 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 21 June 2007 P. M. JEFFERY Governor ‑ General By His Excellency’s Command PETER CRAIG DUTTON Minister for Revenue and Assistant Treasurer 1 Name of Regulations These Regulations are the A New Tax System (Goods and Services Tax) Amendment Regulations 2007 (No. 1) . 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 regulation 29 ‑ 70.02 insert 29 ‑ 80.01 Value of taxable supply (Act ss 29 ‑ 80 (1)) For subsection 29 ‑ 80 (1) of the Act, the amount of $ 75 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 .