GST and Property: Navigating the Challenges Facing Practitioners – a Live Online Conference
conference
Tuesday 6th March 2018 – Live online:
Vic, NSW, ACT, Tas – 1.30 to 5pm
SA 1.00 to 4.30pm
WA 10.30am to 2pm
NT 12noon to 3.30pm
Qld 12.30pm to 4pm
REGISTER NOW!
11 WEEKS
UNTIL THE EVENT
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 ABOUT THE ONLINE CONFERENCE

Dealing with the demands of commercial practice can make it difficult to find time to attend professional development events. We realise that not everyone can spare two days out of the office.  So we’re offering you a new way to access the experts online – a half-day online conference, focused on GST and property.

You can put your staff in the boardroom and watch it there.  You can watch it on your computer or on your portable electronic device.  All for the same low price.

The conference will be based on our highly successful video webinar technology: there’ll be a chairman, a panel of experts, presentations and discussion – and you’ll have an opportunity to ask questions.

We look forward to welcoming you - from all States and territories of Australia!
 

The New GST Withholding Regime: Changes to the GST Compliance Burden Involving New Premises

Purchasers of new residential properties or land in new subdivisions will have to remit GST to the tax office. This will have a number of effects, including the need to amend contracts to protect the developer’s position. With the new regime set to commence on 1 July 2018, now is the time to understand the key reforms. This session brings you up to date, including:

  • Impact on developer financing, banking and contracts
  • What transitional measures are in place?
  • Will it apply to contracts already signed?
  • Is the purchaser simply withholding GST on behalf of the developer?
  • How will developers document margin scheme calculations?
  • What is the potential liability of developer or purchaser if GST margin is incorrect?
  • Practical application problems:
    • does it apply to standard house lots or will it apply to larger developments?
    • what if property is only partly residential?
    • what is the position of a nominee?
    • does it impact payment of the deposit?
    • how will it affect developer’s cash flow?
    • what happens if purchaser fails to pay the withheld amount?
    • what is the position for third party purchasers from an owner?
  • How should standard land contracts be amended?
  • How will the conveyancer make it work - should the conveyancer be a tax agent?
  • How will it affect the GST reporting system?
  • New penalty regime and extent of liability – are there exemptions and concessions?
  • Does it mean the ATO gets priority ahead of banks?
  • Case study – complex scenarios based on where developer acquired the land


GST and Property Development – When Do You Fall Within the GST Net?

Determining whether to register for GST can be a strategic decision. There may be occasions where staying out of the GST net is in your clients’ best interests. This session looks at the GST changes and developments over the past 12 months involving registration and what impact it has had on your clients’ businesses.  It covers:

  • When should you stay out of the GST net?
  • GST and residential property developments – the meaning of carrying on an enterprise
  • When will a property developer not need to register for GST?
  • What are the GST consequences of registration?
  • When should you consider deregistration?


The Importance of GST Clauses in Property Contracts

Recent cases continue to highlight that contracts do not always include appropriate GST clauses.  This presentation will review the cases and the lessons for property lawyers. It covers:

  • Recent cases that have considered the construction of GST clauses
  • Drafting lessons for advisers
  • Future-proofing GST clauses
  • Emerging issues
 THE FACULTY

Andrew Sommer, Partner, Clayton Utz, Sydney (Chairman)

Matthew Cridland, Partner, K&L Gates, Sydney

Alan Jessup, Partner, Piper Alderman, Sydney

Jane Spencer, Principal, Blue Leaf Consulting, Sydney 

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CPD CERTIFICATE

Registered delegates will receive a CPD certificate for attendance at this online conference.  Accountants can claim up to 3 CPD/Training hours.  Lawyers can claim up to 3 CPD [CLE] units/points – substantive law.

 EARLY BIRD REGISTRATION OFFER

If you register and pay by Friday 9 February 2018 you will pay only $495 – a saving of $55 off the full price conference registration fee of $550.

 ENQUIRIES/ASSISTANCE
If you need assistance or have an enquiry, please do not hesitate to contact our Online Coordinator, Lisa Tran on (03) 8601 7709 or email: lisa@tved.net.au
Product Code: OGPMAR18
 Price:   $495.00 (Inclusive of GST)
© 2017 Television Education Network Pty Ltd. All rights reserved. The program for this conference is copyright and may not be reproduced in any form without the prior written consent of the copyright owner.