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The Taxation Institute's GST Subcommittee, chaired by Gina Lazanas FTIA (Balazs Lazanas & Welch LLP), met on Wednesday 27 October 2010. Issues discussed at the meeting included the Board of Taxation's Review of the Taxation Treatment of Islamic Finance as well as updates on Belvedere / M & A Transactions, GSTR 2010 /1: goods and services tax: application of Div 165 where a land owner engages the services of an associate to arrange construction of residential premises for lease under an arrangement described in TA 2009/5 and the Gloxinia, Travelex and AMEX cases.

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