GST – Draft legislation about health insurance claims
This bill was introduced in the House of Representatives on 23 November 2011 and contained two main amendments to the GST provisions, namely:
Draft GST Ruling GSTR 2011/D4, released on 2 November 2011, once again addresses the vexed question of how GST applies to financial assistance payments. This draft ruling is of particular interest to Governments, government agencies, non-profit bodies, charities and other entities who make or receive financial assistance payments.
We frequently get asked whether GST applies to contributions towards (for example) capital works. The answer (as is so often the case) is ‘it depends’.