OzVMX Forum
Clubroom => General Discussion => Topic started by: Lozza on April 19, 2017, 10:25:14 pm
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Whats the story on the "Gerry Harvey" law ? Is it going to be implemented on July 31? Will there be a $20 or $50 threshold? Discuss......
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One affect of "Gerry Harvey's law", is already in place: I will never spend a cent in Harvey Norman, Joyce Mayne, or Domayne stores, ever again.
Already, my experience is the GST on importing $1000 items is 20%.
$100 gst + $100 gst "fee".
Plus an unbelievable amount of paperwork, and hassle.
My friend sent me a few miscellaneous parts from the US. I had to clam separate codes for brake parts, as opposed to wheel parts, etc. I was directed to a 1000 odd page document with 10s of thousands of codes. These were some sort of "import codes".
It was quite surreal, and not an experience I'd like to repeat.
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Please tell me this isn't happening now. I just ordered some stuff from the US, that I am hoping will be here in a week.
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I am still confused with whats happening. I have heard....
Customs regulations have NOT been changed. The $1000 exemption threshold still remains and you can still import goods up to AU$1k value without any interference from customs (unless prohibited/restricted items sent) and no payment required. So you'll still pay no air/sea import charge, no AQIS, no duty or GST to your freight company or AusPost.
The only part that will change after July 1 is that some overseas sellers/operators MAY charge GST at the time of payment.
http://www.aph.gov.au/About_Parliament/Parliamentary_Departments/Parliamentary_Library/pubs/rp/BudgetReview201516/Digital
https://www.ato.gov.au/general/new-legislation/in-detail/indirect-taxes/gst/gst---applying-to-digital-products-and-services-imported-by-consumers/
Ebay may be going to block Australian buyers?
I don't know how the heck buying some rare special one off hard to find vintage bike part that you cant get in Australia is going to 'hurt the economy' Its just crap. We don't make anything here anymore. We are just an island.We have to source stuff from over seas. I have to source many odd supplies from overseas that no stocks here anymore because, nothing gets repaired on a large scale and its all throw away.
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One affect of "Gerry Harvey's law", is already in place: I will never spend a cent in Harvey Norman, Joyce Mayne, or Domayne stores, ever again.
Already, my experience is the GST on importing $1000 items is 20%.
$100 gst + $100 gst "fee".
Plus an unbelievable amount of paperwork, and hassle.
My friend sent me a few miscellaneous parts from the US. I had to clam separate codes for brake parts, as opposed to wheel parts, etc. I was directed to a 1000 odd page document with 10s of thousands of codes. These were some sort of "import codes".
It was quite surreal, and not an experience I'd like to repeat.
We have to do this for every seafreight , airfreight , no matter if its $100 or 10000 $ of value . This change will ad to the cost for grey imports and bring them up to the same level as legally imported goods . It had to happen sooner or later . Once they will stamp out cash (very soon as well) it will all be fully transparent and easy for big brother to manage any transaction local and globally . Its not so long ago when Firko made fun of me when I started to build the "arch of Noah " ;)
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Funny thing is that Harvey Norman does not sell 86 WR400 Husky bits.
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I don't know how the heck buying some rare special one off hard to find vintage bike part that you cant get in Australia is going to 'hurt the economy' Its just crap. We don't make anything here anymore. We are just an island.We have to source stuff from over seas. I have to source many odd supplies from overseas that no stocks here anymore, nothing gets repaired on a large scale and its all throw away.
We have to distinguish between commercial sellers of new goods with a VAT (GST ) content or private people just selling used unwanted items . Sellers of new goods can only claim their VAT back if they declare the goods at the time of export . They will have the choice to suppress the value (in the interest of the buyer) but they will loose their VAT and that can mean up to 20%difference to the price of goods . But if the paypal transaction or bank transfer does not match the customs declaration , you are in the poo . Sales of vintage used parts from private sellers want be affected as much or not at all .
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As I understand it (and happy to be corrected), the GST will be added by your "payment provider" so if you buy something off eBay and use PayPal then the 10% will be added by PayPal. And that will apply to all purchases, something for two dollars or something for $200, Not sure what's going to happen with the current arrangement for items over $1000 where they get stopped "at the border" and they contact you and ask you to pay GST on the "stated value" which is what has happened to me in the past.
So – as I understand it if Billy Brown from Utah sells you some Husky parts and you pay by PayPal then you will be paying 10% extra but if you put money into his bank account or pay him some other way (which can all cost in added fees) Then you will probably not have to pay him the extra 10%.
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Question – this is a Related banking question - Perhaps someone knows the answer – – –
If you have somebody's credit card numbers can you go into any bank and pay money into their credit card?
(Assuming it's a credit card we have here in Australia like Visa or MasterCard)
And of course An overseas seller might not want to give you their credit card number but if that works then you could pay an overseas seller as simple as walking into your local bank branch.
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Right now you could do that . For how much longer , we dont know . There is soo much stuff coming from all directions . Basically when it all has been implemented , it would only leave bartering , BITCOIN or metals . The first sign will be when they call in the $100 notes and then it will go very quick . Its not all doom , perhaps Donald und Kim could throw a spanner in the works soon .
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If we only have to pay GST on cost of item, than it is not that bad. Have some parts shipped to Slovakia thinking that I can save some money on shipping and end up paing import tax+ GST. Looked in to it and up to 150 euros only GST is pay. Over 150 Euros import tax+GST. Also charges are calculated from cost of item+ cost of shipping. You pay at the Post office when you collect your parcel. It is pretty simple. So 10% is not too bad. Goverment must get money to pay all the dole blugers somehow :) since mining boom is over and most major manufactures left or leaving Stralia. Never purchased anything from Harvey Norman and never will. Still cheaper to order form foreing seller even with 10 extra :)
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I laugh when I hear the comment the mining boom is over - maybe construction side of things but production, across a huge number of commodities, is running at huge record levels. Gold is running at recent highs and the number of gold mines opening or reopening is very high.
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Was refering to time when gold was trading at 1500-1700 per troy ounce and iron ore was trading around 120-140 per ton also called Mining Boom. I dont see foreing companies rushing to this country and being keen to invest much Ross. WA as a state is in realy bad state since it has been counting on iron ore for too long and apart from that has nothing else but some income from turism left. But keep your pink glasses on :)
Anyways. If we have to pay 10%gst on items we get from ebay it will still be cheaper to buy from overseas than from some local sellers :)
Hopefully :)
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$1000 & 10%, you guys are lucky.
Try $400 including shipping & 15% plus a heap of fees to be paid before customs will release to continue on it's way after they've had it for a week
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Tony your on the wrong side of the ditch Bro
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Got some freight in today . This are the standard charges for any size shipment ( exl. freight and exl GST ) .Just as a sample , to show the impact .
Customs import declaration Fee $83
Handling Fee $48
Import Doc Disbursment $86
EDI Fee (ICS) $15
CMR Complience Fee $25
Import Terminal Fee $85
Agency Airfreight Entry $125
Postage and Petties $6
Actual airfreight of $20 per kg will now go on top (the same charges apply if you enter5kg or 1000 kg) and when we have the subtotal it will be added to the value of the goods and 10% on that amount is also payable . They have to abolish this one sided treatment or make everybody pay the same . One or the other . As it is,many operators are suffering or will hit the wall sooner or later if they dont do anything about it .
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Gold currently trading at 1690 / troy ounce, never rally slowed down too much. investment died totally but if you were producing ..The Datsun 200B for you ;D
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Yeah but at least I'm not considered a third class citizen here yet
Do like our golf courses that we call tracks though
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yep Husky - agree with you - gold looking buoyant around $1700 currently and if the boys up North keeping pushing each other will only go further. Not really interested in the foreign companies you refer to Tomas when new Australian companies are getting off the ground and rebooting the industry and record tonnages going through the iron ore ports to make up for the lower revenue to be returning record profits and taxes. Pink glasses - mmm don't know really.
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Buying metals to make money is IMO the wrong motivation . Buying metals is to keep your money ;) Especially when the US and European money printing bubble will burst . That is now overdue since 2008 . But maybe it will all come at once now . The currant system can only survive as long as people believe in it ,and those days are running out fast . So many factors now , best stay put and watch it all develop from the balcony .
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$= USD,CAD,NZD ? I was refering to USD per troy ounce. Which is used as a bench mark. Sure you can make the gold price look beter when you quote cost per ounce in Taiwanese Dollars but people may laugh at you and think you are uneducated Ross.You dont seem to be up to date when it comes to this Ross. Are you refering to Australian companies such as Ford, Holden or Toyota rebooting? Such companies create jobs for thousands of people direct and indirect. Mining company offers perhaps a few hundred jobs when mines are operational. Yep record tonnage for low price. Keep your hopes up if you wish :)
Anyways the prices you quoting Wasp are for an ebay purchases or company orders? I doubt that ebay purchases would have more than some GST and maybe import charge added that you may pay when you pay for your items. Well we just have to wait till July 1 and than start buying like crazy and see what happens :)
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so if i buy a 40pound second hand part in the uk get it shipped to australia for another 40.00 pound what will it cost me in the future
54.00 p to 1 aus$ at the moment with pay pal
thanks
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80GBP=AUD148+AUD14.80(10%GST)=AUD162.80 from July 1 2017 I belive
https://www.treasury.gov.au/~/media/Treasury/Consultations%20and%20Reviews/Consultations/2016/Applying%20GST%20to%20low%20value%20goods%20imported%20by%20consumers/Key%20Documents/PDF/Q_and_A_Applying_GST_to_low_value_goods.ashx
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So will this apply to second hand parts under a $1K as well?
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Jimg - you are paying 80 pound so it will go up 10% to 88 pound
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Tomas - I am actually in the industry so maybe know a little more than you give me credit for - and if you have to ask which companies maybe you are the one not up to speed - and I am not talking a couple of hundred people either - especially with the flow on. But you keep your black hat on - the sort of reasoning which will really advance us.
Cheers - I am out of here.
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Fukn pollies.
"Free market" my arse.
If your going to be interventionist at least be honest about it.
One set of rules for the big boys and the rest of us pay up.
Viva la revolution!!
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I reckon
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Australian Associated Press6:24PM April 21, 2017
The federal opposition believes the government should postpone slapping GST on items bought from overseas that cost $1000 or less.
The Turnbull government wants to introduce the tax on low-value imported goods from July 1.
Shadow Treasurer Chris Bowen supports the change in principle but accused the government of botching the implementation.
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http://www.news.com.au/finance/business/retail/amazon-alibaba-ebay-and-etsy-may-block-australian-users-if-controversial-online-gst-changes-go-ahead/news-story/3a2d62515b247fc79b927f1db0696ba4
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im sure there is a simpler way... the article implies there are bigger fish to catch than joe blogs doing some small scale trading. probably in sco mos imagination
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Bit more reading
http://www.smh.com.au/business/the-economy/amazon-ebay-etsy-and-alibaba-say-online-retailers-wont-comply-with-gst-change-20170420-gvorgv.html
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as clear as mud then
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Money grabbing bastards. Always looking to squeeze blood out of a stone, rather than restructure their own budgeting and wasteful spending.
Might have to go back to the pre internet days of taking a shopping holiday with lots of empty suitcases.
Another option is to use a mail forwarding company in the country you're buying from.
Being Australian we are skilled in the many ways of skinning cats.
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hi
so if i buy stuff in the usa or the uk and get it sent to a freind or family member and they send it over as a gift this is how i get stuff now is seller wont send to aus.no gst?
jim
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sounds like a plan! gift wrapping the Harley in parts could be difficult to explain
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http://thenewdaily.com.au/money/your-budget/2017/04/24/ebay-gst-delay/
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hi
so if i buy stuff in the usa or the uk and get it sent to a freind or family member and they send it over as a gift this is how i get stuff now is seller wont send to aus.no gst?
jim
They'll have to under value it like the old days, because you still have to pay GST on gifts. Or it could be a sample.