The Australian Made Campaign (AMAG) has welcomed a proposal to broaden the GST to cover overseas online transactions worth less than $1000.
The decision, which will be referred to a meeting of State and Territory Treasurers next month, will help level the playing field for local products competing with imports, says Australian Made Chief Executive, Ian Harrison.
“We congratulate all the Governments on arriving at this decision, which will remove a fundamental flaw in our tax system, whereby Australia has been effectively penalising our local retailers, and through that, our local manufacturers and producers,” Mr Harrison said.
“The positive ramifications for Australian producers and manufacturers and the retailers that stock their products will be tremendous if this goes ahead.”
The Australian Made Campaign is the not-for-profit organisation that administers and promotes Australia’s registered country-of-origin certification trade mark for all genuine Aussie products and produce.
The campaign has been calling for the abolition or reduction of the tax-free threshold since 2012.