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Aquisition supplies paper


The concept of “acquisition supplies” was a deliberate inclusion in the GST Regulations, but did anyone really understand the far-reaching consequences this apparent oxymoron would have on the interpretation and administration of GST? Long the subject of questions over their very validity, have they now escaped to wreak havoc in a way never intended? This paper explores the rationale for the inclusion of the concept within the GST Regulations, the impact of recent cases on their practical consequences and possible problems for the future. This paper focuses, in particular on:

  • a world without acquisition supplies?
  • the original intent of including acquisition supplies
  • current implications – Travelex and the Commissioner’s views on acquisition supplies.

Author profiles

Andrew Sommer CTA
Andrew is a specialist in indirect taxation. Andrew started in tax at a major accounting firm over 25 years ago and moved to Clayton Utz in 1998. He was involved in GST implementation and has advised on all aspects of GST, including financial services, property, government and M&A. In addition, Andrew advises on FBT, land tax, payroll tax and transfer pricing matters. He has been involved in a wide range of contentious matters across different taxes and different jurisdictions. Andrew has taught masters courses in GST and has written numerous articles and papers on different aspects of the GST. Academic Qualifications: • Bachelor of Science, University of Sydney • Bachelor of Laws, University of Sydney • Master of Laws, University of Sydney • Solicitor of the Supreme Court of NSW, High Court of Australia Professional Associations & Designations: • Fellow, Taxation Institute of Australia (FTIA) • Chartered Tax Advisor (CTA) - Current at 25 August 2020
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Brad Miller CTA
Brad is a Partner in EY’S Indirect Tax team in Melbourne, advising on a range of indirect taxes including GST. While Brad assists clients in different industries, he focuses on clients in the financial services sector (including superannuation) by providing clear and concise value propositions to clients on very technical aspects of the GST legislation. Brad also assists clients from an indirect tax perspective on due diligence; structuring for acquisitions; divestment, developing and documenting GST apportionment methodologies; and managing ATO audits and disputes. Brad is an active member of a number of indirect tax committees for different industry associations, regularly advocating on behalf of those associations before both the ATO and Treasury. - Current at 30 September 2015
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This was presented at 2012 National GST Intensive .

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Joint keynote address

Author(s):  James O'HALLORAN,  Robert OLDING

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GST issues and wealth management

Author(s):  Bill PACKWOOD,  Amelia O'Rourke

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GST ruling system in practice

Author(s):  Mark L ROBERTSON

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