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The federal treasurer met with state and territory treasurers today.
Agreement reached is every item purchased online from overseas will have the GST attached. To take effect from the first of July 2017.
The $1000 threshold, below which goods and services purchased online from abroad were GST exempt will be abolished. Collecting the GST from every overseas vendor is likely to be costly and complicated and it is believed the long start date is designed so more work can be done. Before the meeting, federal Treasurer Hockey said "it won't be about policing the consumers, it will be about policing the vendors overseas".