Published on 06 Sep 12
by NATIONAL DIVISION, THE TAX INSTITUTE
There is now a growing body of Australian jurisprudence and ATO publications on the meaning of “consideration” under the GST law. This paper examines:
- the nexus between supply and consideration (as has arisen in the Qantas litigation)
- the consideration allocated by the parties (such as with the Luxottica decision)
- third party consideration (raised in Victorian Department of Transport and TT Line)
- non-monetary consideration.
Kevin O’Rourke is a tax partner at Deloitte based in Sydney. He has over 30 years of taxation experience, advises major corporate clients on all aspects of GST, and has been frequently named as a leading indirect tax adviser by the International Tax Review. Kevin is a solicitor of the Supreme Court of New South Wales and of the High Court of Australia, and has been involved in numerous litigation matters. He is Co-Chair of the ATO’s GST Advisory Group, Chair of the Indirect Tax Committee for Chartered Accountants Australia and New Zealand, and is a member of the Taxation Committee of the Law Council of Australia. Kevin holds Master of Laws and Bachelor of Arts degrees from the University of Queensland.
- Current at
26 June 2017