Goods & Services Tax (GST) rate change
Recently the schedule of annual radio and spectrum licence fees was updated to reflect the increase in GST to 15% from 1 October 2010.
- If you have any outstanding licence fees due and you pay them before 1 October 2010, you will only be charged the current GST rate of 12.5%.
- If you create an invoice for these fees before 1 October 2010, you will be charged 12.5% GST even if the invoice is paid on or after 1 October 2010.
- If you pay your licence fees (or create an invoice) on or after 1 October 2010, you will be charged 15% GST.
Information on how you can generate an invoice yourself is available on our website as a SMART tip.
Note | if you have a number of licences due for renewal, it is advisable to reconcile your licences first to cancel unwanted licences, before creating an invoice. A further SMART tip provides information on how to reconcile your licences.