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You can read about them here: http://www.ato.gov.au/businesses/content.asp?doc=/content/50913.htm and you do need a Legislative Instrument which you can read about here: http://law.ato.gov.au/atolaw/view.htm?Docid=GLD/RCTI20091/00001&PiT=99991231235958

RCTI's are very common in the building industry. The reason is this, scenario: Head Contractor hires various subbies. Subby submits an invoice for $88,000 GST inclusive for his work for the month. This generates him a GST liability to the ATO of $8,000. The Head Contractor assesses the...