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Contract Details

Bill collecting GST on online purchases to be introduced to parliament by 1 January 2017

Bill collecting GST on online purchases to be introduced to parliament by 1 January 2017

GST.PARL.JAN17
Contract Info 
  • Symbol: GST.PARL.JAN17
  • Last Trade Price: $0.9002
  • Last Trade Time:
    24 Jan 8:26am
  • Today’s Volume: 0
  • Average Daily Volume: 0.5
  • Today’s Change:
    NC (0.00%) 
  • Start Date: 12 May 15
  • Close Date: 1 Jan 17
  • Status: Active

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Long Description

This contract will pay $1 if any Bill whose effect is to collect GST from online purchases is introduced to the New Zealand House of Representatives by 1 January 2017.

Judging Criteria 

The purpose of this contract is to forecast the likelihood that a Bill will be introduced to Parliament within the time frame specified, with the purpose of collecting GST on online purchases.

This includes any Bill, regardless of what stage it reaches or which processes, purchases and companies it affects. This includes any Bill that only places GST on online purchases within a certain price constraint (eg. only purchases above $15).

This includes any Bill that does not put GST on every item purchased online, as long as it is 'comprehensive' by iPredict's judgement.

This contract is not affected by any changes to terminology in New Zealand's tax system and includes any comprehensive consumption or value-added tax on online purchases, even if they are not referred to as "GST" at that time.

iPredict's judgment regarding the outcome of this contract is final.

This contract will be closed no later than 3 working days after the Close Date. The Close Date may be extended if the event outcome cannot be determined by that date.