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 Recorded Webinar: GST Clauses in Property Contracts: Getting it Right


30th July 2019

Duration:  approx. 1.5 hours

There have been many GST cases but by far the largest group are disputes over GST clauses.  Getting them right is always harder than it seems: so often the parties either ignore the clause or they don’t even think about GST, and then trouble ensues.  This presentation will examine the key issues in the light of the wealth of decided cases.

  • Why you need a GST clause: what happens if you don’t have one.

  • GST clauses in principle – what you need to cover – the straight forward case:

    • does the “price” include GST?

    • are the parties registered or required to be registered?

    • what is the status of the property

  • GST clauses in standard form property contracts – tick the box contracts – problems in practice:

    • GST without the plus sign

    • GST inclusive clause – GST exclusive party behaviour

  • Mistake and misrepresentation and their effect on GST clauses

  • GST on settlement adjustments

  • Margin scheme clauses

  • Going concern clauses

  • Conditional GST clauses – the South Steyne clause

  • GST clauses and disputes as to whether GST is payable:

    • purchaser demanding a tax invoice – surprised vendor

  • GST incorrectly included in the purchase price:

    • windfall gain to the vendor

    • can there be a refund for incorrectly paid GST?

    • can you demand a refund from the vendor?

Recorded Webinars,GST and Indirect Taxes,Recorded Webinar:  GST Clauses in Property Contracts: Getting it Right

Chris Tang, Senior Associate, MinterEllison, Sydney

Chris is a Senior Associate in the Sydney GST team of MinterEllison. Prior to joining MinterEllison, Chris practised GST at a Big 4 accounting firm and a specialist tax advisory firm.

Chris advises on GST issues across various industries with a focus on real estate, financial services, government and mining and energy. His experience extends to advising on the GST aspects of complex property transactions, development arrangements, financing structures and mergers and acquisitions transactions. He also assists clients with ATO reviews/audits and compliance matters.


This webinar is suitable for accountants and lawyers advising on GST and property– Australia wide. This webinar is for practitioners with some knowledge in this area and looking to improve their knowledge.

If you need assistance or have an enquiry, please do not hesitate to contact our Webinar Coordinator, Lisa Tran on (03) 8601 7709 or email: lisa@tved.net.au

© Television Education Network Pty Ltd 2022

Product Code: WBTJUL19
 Price:  $264.00 (Inclusive of GST)
© 2022 Television Education Network Pty Ltd. All rights reserved. The program for this webinar is copyright and may not be reproduced in any form without the prior written consent of the copyright owner.