Author(s): Kenton STEICKE This paper addresses specific GST transitional issues, being: treatment of rights granted after 2 December 1998 and before 1 July 2000 which can be exercised on or after 1 July 2000, written agreements spanning 1 July 2000, valations for construction agreements spanning 1 July 2000 and valuations under the margin scheme, and treatment of Work in Progress. The ATO has released a number of draft rulings and rulings on these issues. They are examined in detail.
Author(s): John HAIG This paper reviews key transitional arrangements that practitioners must know in order to maximise the opportunities and avoid the traps in making supplies which may be subject to GST and claiming input tax credits. In particular, the paper examines some of the transitional issues that require immediate attention.