The issues paper discusses issues with the current apportionment and adjustment rules and proposes policy options for reforming and simplifying the rules.

In CA ANZ’s view, the proposed changes will address some immediate and present problems with the GST Act. 

CA ANZ recommends:

• A comprehensive rewrite of the GST Act, including the apportionment rules in the short to medium term be carried out.
• How the proposed solutions will affect the financial services sector should be considered.
• All registered persons should be allowed to negotiate a fair and reasonable apportionment method.
• A significant education campaign will be needed if the proposed solutions are implemented.