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06 Jun 08 NTLG GST Subcommittee

Gina Lazanas FTIA (Baker & McKenzie) and Michael Payne-Mulcahy FTIA represented the Taxation Institute at the NTLG GST Subcommittee meeting held in Melbourne on Wednesday 4 June 2008. The Taxation Institute raised two new issues this meeting, one around the release of the Addendum to the financial supplies ruling (GSTR 2002/2) on 5 March 2008 and the other seeking clarification from the ATO about the application of Alternative Dispute Resolution to GST disputes. There was considerable discussion around the changes to the financial supplies ruling because of significant practical implications for taxpayers, particularly relating to apportionment issues and the ATO is currently looking into the nature and extent of our concerns. In addition, a number of other matters on the Subcommittee's Issues Log raised previously by the Taxation Institute were discussed, including:

  • margin scheme and partnerships;
  • head leases and retirement villages;
  • impact of the Toyama, Reliance Carpet, KAP Motors and Brady King decisions;
  • partitioning of real property;
  • agreements for lease and going concern;
  • GST free services and non-residents; and
  • ATO settlement practices.

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