M42 Duster (329)

Jul 10, 2013 7:55 PM CST M42 Duster
epirb
epirbepirbDannevirke, Hawke's Bay New Zealand32 Threads 2 Polls 7,379 Posts
robplum: yeah had minus 4 or something this morning, however had nice sunny day
Thought I would have a snoop at Aus wire(barb) prices we have to pay $140 per 25 kg coil , Aus pays A$120 ish for forty kgs , that's close to half . Plain wire $nz 100 or so for a roll , 260 meters long ,Aus A$150 for 1500 meters of roll . Usually bought by the ton here , wire strainer supplied with every coil of wire at the moment , about 12 per ton . Freight NZ$ 1200 per ton for less than 3 cubic meters for the first to then 900 after that . Still about half the price landed . Pity I did not know a while back , we are being ripped of by our suppliers .Lady I spoke two did not know the ton rate but would be cheaper again
Jul 11, 2013 2:20 AM CST M42 Duster
oh thanks for the info, i've passed it onto John, he just purchased some fiberglass electric fence posts (the white ones) said they cost $5 each which sounds pretty hight
mate Dale had some Chinese company make a type mesh wire he wanted, don't think Chinese wire is much good but

can you get delivery from aussie?
Jul 11, 2013 4:20 AM CST M42 Duster
If the supplier incorrectly assumes that GST does not apply, it will not be able to recover the GST cost from the overseas customer and will be out of pocket for the GST liability.

Export of Goods
In order to attract the GST exemption, the supplier must export the goods from Australia before, or within 60 days after the earlier of the receipt of any of the consideration, or the provision of an invoice. Where the goods are paid for by instalments, the goods must be exported before, or within 60 days after the earlier of receiving any of the final instalment or the provision of an invoice. It should be noted that the invoice does not have to satisfy the requirements for a tax invoice for the purposes of triggering the 60 day period. The Commissioner generally accepts that the requirement is met if possession is handed over or delivery is made within the 60 day period provided that the supplier has completed all other actions necessary for the exportation of the goods.

Further, the supplier must be the effective “sender” of the goods, that is, it must either contract with an international carrier for the overseas transportation of the goods or be responsible for delivering the goods to a ship or aircraft operator that has been engaged by another party to transport the goods overseas.

The export loses its GST-free basis if it is not made within the 60 day time period or if the supplier re-imports the goods back into Australia.
Jul 11, 2013 4:22 AM CST M42 Duster
Where GST does not apply

There are two types of supplies that do not attract GST.

GST-free supplies: Examples of GST-free supplies include the supply of food, medical services, education, child care and exports. GST is not payable on GST-free supplies. However, suppliers will be entitled to an input tax credit for acquisitions relating to those supplies.
Jul 11, 2013 4:30 AM CST M42 Duster
Temporary import/export of commercial goods
Goods may be brought into Australia temporarily without the payment of customs duty or
taxes for a period of up to 12 months. These goods are referred to as Temporary Imports.
The legislative provisions for Temporary Imports are contained in sections 162 and 162A
of the Customs Act 1901 and Regulations 124, 124A 125, 125A and 125B of the Customs
Regulations 1926. (see explanations below). Goods can also be brought into Australia
temporarily under the cover of a ‘carnet’ which is an international ‘passport’ for goods.
All temporary imports must be re-exported within the approved period.
The nature of the goods, what they will be used for while in Australia and who is
importing them determine which provisions the goods might be eligible for


Exporting goods
Except for the exemptions listed below, all goods intended for export must be entered.
Export entries may be lodged :
• electronically, by a registered user of the Export Integration (EXIT) system, either
as an owner or as an agent acting on behalf of an owner; or
• manually, by completion of a documentary entry, which may be prepared by the
owner or an agent appointed by the owner. This method of entry must be lodged
with Customs by mailing, faxing or giving it to an officer in the Export Section of a
Customs office.
The EXIT system operates 24 hours a day and electronic entries may be lodged at any
time. Manual entries may be lodged in person during business hours, Monday to Friday.
Otherwise, a manual entry may be faxed to a Customs office 24 hours a day

Exemption from export entry
Items exempt from export entry requirements include:
A consignment by post, ship or aircraft from one person to another that has an
FOB value not exceeding $2000, unless it includes:


Jul 11, 2013 4:32 AM CST M42 Duster
GST and exported goods
The introduction of the GST and the Australian Business Number (ABN) in July 2000 has
created a further need to verify export information. As the supply of goods for export is
generally GST-free, the Australian Taxation Office (ATO) requires exporters to keep
appropriate records to verify that goods have been exported.
Such records include air waybills, bills of lading and export entries, on which ABNs must
be included. The ATO will use this information when carrying out verification checks of
GST-free amounts disclosed at label G2 on a Business Activity Statement.

Jul 11, 2013 4:32 AM CST M42 Duster
epirb
epirbepirbDannevirke, Hawke's Bay New Zealand32 Threads 2 Polls 7,379 Posts
robplum: Where GST does not apply

There are two types of supplies that do not attract GST.

GST-free supplies: Examples of GST-free supplies include the supply of food, medical services, education, child care and exports. GST is not payable on GST-free supplies. However, suppliers will be entitled to an input tax credit for acquisitions relating to those supplies.
looks like it would be best to find a company that exports what I want . From what I understand both countries GST works the same .There is a big advantage of bringing wire from Aus , looks about half price landed . I got the length wrong in my first post should have been 650 meters for plain wire .
Jul 11, 2013 4:54 AM CST M42 Duster
john ended up buying his wire from Palmer Steel

Jul 11, 2013 5:05 AM CST M42 Duster
epirb
epirbepirbDannevirke, Hawke's Bay New Zealand32 Threads 2 Polls 7,379 Posts
shipping not too much of a problem , just the actual export and return of the tax . I shall waddle around till I find a company who exports without seeing the difference in Au-NZ prices as a goldmine . GST component is simple here as customs charges it and you simply claim it back at first return . China wire not up to spec in spite of the claims , nor are their gates that were exported here , rust city going by the reports that made the rural papers a few years back and whats more the gates were not sold that cheap either .
getting late
wave
Jul 11, 2013 5:10 AM CST M42 Duster
yeah ok good night mate
you wont need to pay gst at all "0"
Jul 11, 2013 5:44 AM CST M42 Duster
DO 4Improvements to farm land
When this section applies
(1)This section applies when—
(a)a person carries on a farming or agricultural business on land in New Zealand; and
(b)an improvement described in schedule 20, part A (Expenditure on farming, horticultural, aquacultural, and forestry improvements) has been made to the land; and
(c)the expenditure on the improvement is not expenditure to which sections DO 5 to DO 7 apply.


Subpart DO—Farming and aquacultural business expenditure

DO 1Enhancements to land, except trees
Deduction
(1)A person is allowed a deduction for expenditure that they incur on the following in carrying on a farming or agricultural business on land in New Zealand:
(a)the destruction of weeds or plants detrimental to the land:
(b)the destruction of animal pests detrimental to the land:
(c)the repair of flood or erosion damage to the land:
(d)the destruction of scrub, stumps, or undergrowth on the land:
(e)the clearing or removing from the land of scrub, stumps, or undergrowth:
(f)the construction on the land of fences for farming or agricultural purposes, including buying wire or wire netting for the purpose of making new or existing fences rabbit-proof:
(g)the regrassing and fertilising of all kinds of pasture, if the expenditure is not incurred in the course of a significant capital activity.
Jul 11, 2013 5:45 AM CST M42 Duster
(f)the construction on the land of fences for farming or agricultural purposes, including buying wire or wire netting for the purpose of making new or existing fences rabbit-proof:
Jul 11, 2013 5:47 AM CST M42 Duster
(f)the construction on the land of fences for farming or agricultural purposes, including buying wire or wire netting for the purpose of making new or existing fences rabbit-proof:
Jul 11, 2013 6:20 AM CST M42 Duster
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Jul 11, 2013 4:37 PM CST M42 Duster
epirb
epirbepirbDannevirke, Hawke's Bay New Zealand32 Threads 2 Polls 7,379 Posts
robplum: DO 4Improvements to farm land
When this section applies
(1)This section applies when—
(a)a person carries on a farming or agricultural business on land in New Zealand; and
(b)an improvement described in schedule 20, part A (Expenditure on farming, horticultural, aquacultural, and forestry improvements) has been made to the land; and
(c)the expenditure on the improvement is not expenditure to which sections DO 5 to DO 7 apply.


Subpart DO—Farming and aquacultural business expenditure

DO 1Enhancements to land, except trees
Deduction
(1)A person is allowed a deduction for expenditure that they incur on the following in carrying on a farming or agricultural business on land in New Zealand:
(a)the destruction of weeds or plants detrimental to the land:
(b)the destruction of animal pests detrimental to the land:
(c)the repair of flood or erosion damage to the land:
(d)the destruction of scrub, stumps, or undergrowth on the land:
(e)the clearing or removing from the land of scrub, stumps, or undergrowth:
(f)the construction on the land of fences for farming or agricultural purposes, including buying wire or wire netting for the purpose of making new or existing fences rabbit-proof:
(g)the regrassing and fertilising of all kinds of pasture, if the expenditure is not incurred in the course of a significant capital activity.
most work done is under repairs and maintenance and can be deducted against income in the first year rather than depreciated over a long period . Can be held over and accumulated with other years to be deducted in better years against income . Still waiting , 33 years and counting , not a fan of tax .Worse than a mortgage .
Jul 11, 2013 6:09 PM CST M42 Duster
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dunno but i think the act gives you tax exempt on first 20% of outlay an exemption you apply to customs asap

John brought that clipping down to scan for you, tis balk bundle pricing maybe ex brisbane
Jul 12, 2013 8:05 AM CST M42 Duster
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dog fencing
Jul 12, 2013 6:15 PM CST M42 Duster
epirb
epirbepirbDannevirke, Hawke's Bay New Zealand32 Threads 2 Polls 7,379 Posts
robplum: dunno but i think the act gives you tax exempt on first 20% of outlay an exemption you apply to customs asap

John brought that clipping down to scan for you, tis balk bundle pricing maybe ex brisbane
Aus GST is the only problem , not an Aus tax payer and don't want to be .
Not keen on the dogs you guys have , are those fences sprayed as there is no rank grass under the electric wires .
On a similar note I was talking to the woman from Westpac who managers my account about the poaching around these here parts , she told me that a bunch of farmers in the south island having the same problem sent the helicopters in to clean them up .No banks ,no bank robbers . I wont be going that far as chopper time is best spent spraying weeds if there is any money around . Young guy as we speak is packing in Western Aus to return to NZ to his girl and child in Carterton . Him and my son will have the problem cleaned up soon enough . Pity, as I like having deer around me . I feel different about the wild pigs though , bloody things , I would cheerfully feed the last one to the dogs . Jezzzzzz they make a mess .
---- IMAGE REMOVED because photobucket.com no longer allows embedded images ---- two fallows across a small gully few weeks back .
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