A New Tax System (Goods and Services Tax) Amendment Regulations 2007 (No. 2)

A New Tax System (Goods and Services Tax) Amendment Regulations 2007 (No. 2 ) 1 Select Legislative Instrument 2007 No. 206 I, PROFESSOR MARIE BASHIR AC, CVO , Deputy for the 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 28 June 2007 MARIE BASHIR Deputy for the Governor ‑ General By H er Excellency’s Command PETER COSTELLO Treasurer 1 Name of Regulations These Regulations are the A New Tax System (Goods and Services Tax) Amendment Regulations 2007 (No. 2) . 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 Part 1 insert Part 2 ‑ 5 Registration Division 23 Who is required to be registered and who may be registered 23 ‑ 15.01 Registration turnover threshold (other than for non ‑ profit bodies ) (Act s s 23 ‑ 15 (1)) For paragraph 23 ‑ 15 (1) (b) of the Act, the amount of $75 000 is specified. 23 ‑ 15.02 Registration turnover threshold for non ‑ profit bodies (Act ss 23 ‑ 15 (2)) For paragraph 23 ‑ 15 (2) (b) of the Act, the amount of $150 000 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 .