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Low Value Import Threshold Bill referred to committee

March 15, 2017

The next step in the process to achieve a lowering of the Low Value Import Threshold Tax has moved through the federal parliament with the Bill referred to Committee.

On 23 March 2017, the Senate referred the provisions of the Treasury Laws Amendment (GST Low Value Goods) Bill 2017 to the Economics Legislation Committee for inquiry and report by 9 May 2017. 

Submissions to the Committee close on 10 April 2017.

The recommendations of this committee will have a strong influence on the passing of this bill through the Senate and therefore parliament.

If you have any questions about the process of this Bill or how you can help achieve an outcome for the industry, please contact Peter at pbourke@bikeoz.com.au or 0438871271

Due to the timing of this report it is critical that the industry become involved as it will be handed down during budget week and could be very quickly sidelined or quietly dismissed due to other high profile stories.

The BIA will make a submission to this committee on behalf of the industry, but if you or your business will benefit from the lowering of the threshold, or you would like to have input into the taxes that affect you - either make a submission or write directly to the committee members.

Details of the committee and how to make a submission can be found at:
http://www.aph.gov.au/Parliamentary_Business/Committees/Senate/Economics/GSTLowValueGoods

Members of the committee are;

Chair -
Senator Jane Hume (Liberal VIC) - senator.hume@aph.gov.au
Deputy Chair
Senator Chris Ketter (Labour QLD) - senator.ketter@aph.gov.au
Members
Senator David Bushby (Liberal TAS) - Senator.Bushby@aph.gov.au
Senator the Hon Ian Macdonald (Liberal QLD) - senator.ian.macdonald@aph.gov.au
Senator Jenny McAllister (Labour NSW) - jennifer.mcallister@aph.gov.au
Senator Nick Xenophon (Nick Xenophon Team SA) - senator.xenophon@aph.gov.au

A copy a draft letter to be sent to senators can be found here.

For previous BIA submissions or letters regarding the LVIT got to https://www.bikeoz.org/low-value-import-threshold

 

 

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