Additional information on GST at settlement measures now available
25 July 2018
Following the release of the updated REIQ contracts on 28 June 2018, QLS has prepared frequently asked questions (FAQs) in relation to the contract changes on the GST at settlement measures. The FAQs are available on our REIQ contracts page (member login required).
The Australian Taxation Office (ATO) has also published the following information to assist practitioners:
The ATO also reminds practitioners that, if a payment is being made by cheque through the mail, at present it must include the payment slip, available on the ATO’s how to pay webpage. By the end of September 2018, an ATO-generated payment slip with barcode will be provided once the first form (GST property settlement withholding notification) is submitted. This will also provide the ability for payment to be made at Australia Post.
Learn more and hear the latest
Listen to an on-demand recording from 20 June 2018, hosted by QLS and ATO representatives, discussing the GST at settlement changes.
Don’t miss discussion from the experts on the new GST withholding regime and latest changes to the REIQ contracts at Queensland Law Society’s upcoming conveyancing conference (2 August) and property law conference (4-5 September).