this product is unavailable for purchase using a firm account, please log in with a personal account to make this purchase.

Select from any of the filters or enter a search term
Calendar
Calendar
  • Currently unavailable. Please email the Bookshop at lawbooks@liv.asn.au
Property Law: GST at Settlement

Activity has expired. Please enter details below to be notified when this activity next occurs.

Property Law: GST at Settlement

Date & TimeTBC
Format Seminar
Price

Member

$240.00

Non-Member

$320.00

CPD Units 2
  • Substantive Law
Venue View Map

Join us to hear from ATO representatives and a knowledgeable practitioner about the GST at settlement changes and what they mean for purchasers and property developers. You will also gain practical hints and tips to ensure that your clients will comply with the new regime.

Further details

Subscribe for updates related to this activity

Terms & Conditions

Program Overview

  • Property Law: GST at Settlement - Tuesday 26 Jun
    • 8:55 AM Conference opening and welcome
    • 9:00 AM Essentials: New GST remittance rules affecting property settlements

      In this session, two representatives from the ATO will provide a comprehensive overview of the changes to GST law from the perspective of both purchasers and developers.  They will also explain the updated processes and procedures with which practitioners must comply.

      Topics to be covered include:

      • what are the withholding obligations for purchasers?
      • what are the notifications obligations for developers?
      • what are the forms that are required to completed and submitted to the ATO?
      • will there be transitional provisions?
      • is there a refund mechanism and tax credits for developers?
      • will this new process have a flow on effect for stamp duty obligations?

      Attendees are encouraged to come prepared with questions to ask our presenters.

      Presenters:

      • Kelly Canavan, Assistant Commissioner – GST Product Leadership and Program Assurance Branch, Australian Tax Office
      • Monique D’Zilva, Assistant Project Manager – Indirect Tax Business Line, Australian Tax Office
    • 10:00 AM A Practical Guide to the New GST Withholding Regime: A practitioner’s perspective

       In this session, Neil Brydges will guide you through the contractual and procedural aspects of the notification and withholding arrangements.

      Topics to be covered include:

      • contract treatment
      • enquiries that should be made by vendors and purchasers
      • the need to check the vendor notification
      • what to do when a vendor notification is not provided
      • the purchaser’s online registration process where withholding applies
      • the purchaser’s obligations, options and precautions at settlement
      • a vendor’s position after withholding

      Attendees are encouraged to come prepared with questions to ask our presenter.

      Presenter: Neil Brydges, Special Counsel, Sladen Legal.

Further Details

  • Full Description

    In May 2017, the Government announced that it will strengthen compliance with the GST law. Effective 1 July 2018, the new regime requires purchasers of newly constructed residential properties or new subdivisions to remit the GST directly to the Australian Tax Office (ATO) as part of settlement.

    Join us to hear from ATO representatives and a knowledgeable practitioner about the changes and what they mean for purchasers and property developers. You will also gain practical hints and tips to ensure that your clients will comply with the new regime.

  • Presenters

    Neil Brydges, Special Counsel, Sladen Legal 

    Kelly Canavan, Assistant Commissioner – GST Product Leadership and Program Assurance Branch, Australian Tax Office 

    Monique D’Zilva, Assistant Project Manager – Indirect Tax Business Line, Australian Tax Office

  • Learning Outcomes

     

    • Gain a comprehensive understanding of the new GST remittance rules as they pertain to property settlements
    • Ensure that you are compliant with the ATO’s updated processes and procedures
    • Understand the new regime from a practitioner’s perspective
    • Be able to effectively and comprehensively advise clients of their obligations in relation to the new regime