Not for profit organisation, Australian Made, has welcomed the agreement by the country’s political leaders to broaden the GST to cover overseas online transactions worth less than $1000.

The company, which has been calling for the abolition or reduction of the tax free threshold since 2012, was quick to make an announcement expressing their satisfaction.

“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”, Ian Harrison, CEO, Australian Made, said.

“Eliminating this discriminatory application of the GST will help level the playing field for local products competing with imports.”

“The positive ramifications for Australian producers and manufacturers and the retailers that stock their products will be tremendous if this goes ahead,” Harrison added.

The Australian Made Campaign is the organisation that administers and promotes Australia’s registered country-of-origin certification trade mark for all genuine Australian products and produce.