GST threshold change

Summary of proposal

The proposal increases the mandatory turnover threshold for GST registration from $75,000 to $250,000 for businesses and non-profit organisations.

The policy would start 1 July 2025, and be ongoing.

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GST threshold change

Summary of proposal

The proposal increases the mandatory turnover threshold for GST registration from $75,000 to $250,000 for businesses and non-profit organisations.

The policy would start 1 July 2025, and be ongoing.

Read more

GST threshold change

Summary of proposal

The proposal increases the mandatory turnover threshold for GST registration from $75,000 to $250,000 for businesses and non-profit organisations.

The policy would start 1 July 2025, and be ongoing.

Read more

GST threshold change

Summary of proposal

The proposal increases the mandatory turnover threshold for GST registration from $75,000 to $250,000 for businesses and non-profit organisations.

The policy would start 1 July 2025, and be ongoing.

Read more

GST threshold change

Summary of proposal

The proposal increases the mandatory turnover threshold for GST registration from $75,000 to $250,000 for businesses and non-profit organisations.

The policy would start 1 July 2025, and be ongoing.

Read more

GST threshold change

Summary of proposal

The proposal increases the mandatory turnover threshold for GST registration from $75,000 to $250,000 for businesses and non-profit organisations.

The policy would start 1 July 2025, and be ongoing.

Read more

GST on Building Materials

Summary of proposal

The proposal would remove the Goods and Services Tax (GST) on residential building materials at the final point of sale.

The exemption would not include renovations and additions, and the Commonwealth would compensate states and territories for any decrease in GST revenue.

The policy would commence on 1 January 2025 and conclude after 5 years.

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GST on Building Materials

Summary of proposal

The proposal would remove the Goods and Services Tax (GST) on residential building materials at the final point of sale.

The exemption would not include renovations and additions, and the Commonwealth would compensate states and territories for any decrease in GST revenue.

The policy would commence on 1 January 2025 and conclude after 5 years.

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Removing GST from Insurance Premiums

Summary of proposal

The proposal would make all insurance premiums currently subject to the Goods and Services Tax (GST) GST-free from 1 July 2026. It would exclude life insurance which is currently input-taxed. 

The Commonwealth would compensate states and territories for any decrease in GST revenue. 

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Removing GST from Insurance Premiums

Summary of proposal

The proposal would make all insurance premiums currently subject to the Goods and Services Tax (GST) GST-free from 1 July 2026. It would exclude life insurance which is currently input-taxed. 

The Commonwealth would compensate states and territories for any decrease in GST revenue. 

Read more