The conference will be based on our highly successful video webinar technology: there'll be a chairperson, presentations and you'll have an opportunity to ask questions via online chat.

Session 1: GST Issues to Consider When Ceasing an Enterprise

If you are involved in either the closing down or selling of a business, or a change in business structure is being considered, you should be mindful of the GST implications that can arise. This session looks at some of the issues to consider, including:

• Current and projected turnover thresholds and what is included or excluded (Sec. 188-25 GST Act 1999), as well as:

• a review of Collins & Anor ATF the Collins Retirement Fund v FC of T [2022] AATA 628

• What activities constitute the “terminating of an enterprise” that still satisfy “carrying on an enterprise”?
• How the capital v revenue distinction for income tax differs for GST
• What impact does the timing of cancelling GST registration have on GST payable?
• GST adjustments on cancellation
• GST effect for a property used as a capital asset in a business later sold in a profit making or  business venture
• Strategies to manage GST when ceasing an enterprise
• Practical examples

Session 2: How GST Interacts with Retirement Living, Residential Care Facilities and Social Housing

Entering into certain accommodation arrangements can include services in addition to the accommodation, when dealing with retirement villages, aged and disability care and social and affordable housing options. This session looks into whether or not GST can apply to these costs, including:

• Retirement villages, including:

• initial contributions and the loan-lease agreement model
• additional services provided including commercial facilities
• outgoing payments and deferred management fees

• Residential care, including:

• Government and non-government funded
• apportioning accommodation and other services, including daily meals, laundry, care etc.
• serviced apartments

• Care and accommodation supplied by charitable organisations, including:

• GST-free supplies under sec. 38-250 GST Act 1999
• The ATO benchmark market value tables (QC 32370)

• NDIS funded care and accommodation services with GST (QC 16263)

Session 3: GST and Property Settlements: Practicalities Explained

Since 1 July 2018, the GST at settlement rules have been in place. However, from all accounts from the ATO, the new process is not always fully understood. This session looks at the requirements and the settlements affected, including:

• The properties GST withholding applies to
• The obligations for the seller and purchaser
• How the rules apply for:

• instalment contracts
• the margin scheme
• mixed and multiple supplies

• Are settlement adjustments included in the calculation of the GST withholding amount? (GSTD 2006/3)
• Reporting the sale on the BAS and how the ATO process the GST credit
• What to do if the GST credit isn’t showing on the GST property account
• What are the foreign resident capital gain withholding requirements?
• Practical examples

Rebecca Lawrence, Director, KPMG, Sydney, NSW (Chair)

Andrew Sommer, Partner, Clayton Utz, Sydney, NSW

Matthew Cridland, Partner, K&L Gates, Sydney, NSW

Jeff Pfaff, Partner, PWC, Brisbane, Qld

• It was just like being at a well run conference but in many ways better. 
• This option is of great assistance to country practitioners.
• The live online conference format worked well and made the speakers more engaging than a recording.
• Our team used the boardroom.  We could talk and discuss the presentation without feeling we were imposing on others and you could submit a question, which we did.  All from the comfort of our own office.
• The conference was well organised and the email links very useful.

Delegates registered to attend the LIVE event will receive a CPD certificate for attendance.  Lawyers can claim up to 3 CPD units/points (substantive law). Accountants can claim up to 3 CPD/training hours.

If you register and pay by 14 April 2023 you will pay only $385 – a saving of $165 off the full price conference registration fee of $550.