The Assistant Treasurer has released exposure draft legislation and an exposure draft explanatory memorandum concerning changes to GST administration.

The measures in the draft legislation form part of a package of reforms that were originally announced in the 2009‑10 Budget and include:

• allowing entities to self‑assess their eligibility to form, alter or revoke a GST group or joint venture and to do so at any time during a tax period;
• introducing clear exit rules for entities leaving GST groups or joint ventures;
• expanding the income tax rulings system to include indirect taxes; and
• reforming the tax invoice rules to allow one or more documents to satisfy the tax invoice requirements.