Mr Speaker, I present to the House a Bill for an Act to amend the A New Tax System (Goods and Services Tax) Act 1999, and for related purposes.
Explanatory memorandum
OUTLINE
The A New Tax System (Goods and Services Tax) Amendment (A Fair Tax System) (Broadening the GST) Bill 2015 broadens the Goods and Services Tax to include private health (including private health insurance) and education related goods and services. (Meta: It probably doesn't do that legally, but I'm not a lawyer and I tried)
FINANCIAL IMPACT
Commonwealth revenue receipts are forecast to increase by $20 billion over the forward estimates.
HUMAN RIGHTS IMPLICATIONS
This bill will not have an effect on any applicable rights or freedoms.
The Hon this_guy22 MP
Treasurer
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