Rulemaking power allows government to issue GST rules including retrospective effect and penalties for contraventions. The Government, on Council recommendations, may make rules by notification to carry out the Act and for matters the Act requires or permits to be ... Summary
Rulemaking power allows government to issue GST rules including retrospective effect and penalties for contraventions.
The Government, on Council recommendations, may make rules by notification to carry out the Act and for matters the Act requires or permits to be prescribed. The power includes giving rules retrospective effect from no earlier than the Act's commencement and authorises rules to provide that contraventions attract a monetary penalty up to a specified maximum.
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