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What is the consideration? Non-monetary transactions and the GST

Publication date: 01 Dec 00 | Source: INVESTMENT & TAXATION BULLETIN

Issue: Vol 5, No 2

Pages: pp.17-28

This article addresses some of the issues that have arisen in considering the GST in terms of non-monetary consideration and barter transactions. It would appear that a strict reading of the Act results in some unexpected and perhaps unintended outcomes.

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Author profiles

Andrew Sommer CTA
Andrew Sommer, CTA, is the national practice group leader for tax at Clayton Utz and has been working in tax for over 20 years. Andrew specialises in GST, providing advice across all industry sectors and levels of government as well advising on other tax issues, including land tax, payroll tax, FBT and state-based royalty regimes. Andrew has also acted for clients in relation to various litigious tax matters at all levels of review including the High Court. Andrew lectures in GST for the University of Sydney as part of the Master of Laws program and has previously taught GST subjects for the University of New South Wales. Andrew serves on the Indirect Tax Public Rulings Panel and The Tax Institute’s Education Quality Assurance Board, is a member of the editorial board of the Australian Tax Law Bulletin, the indirect tax editor of the Australian Journal of Banking and Finance Law and Practice and is a co-author of the book, Tax and Insolvency. - Current at 06 March 2017
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Jacqui is a Senior Lecturer at ATAX, University of New South Wales.
Current at 3 June 2005
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