2021-02-25 Special Meeting Agenda

SPECIAL MEETING AGENDA   25 FEBRUARY 2021




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SPECIAL MEETING AGENDA                                                              25 FEBRUARY 2021

                                                         18

                            (ill) the exercise or non-exercise of a right, including for the actual or
                                 contemplated enforcement or preservation of a right, waiver,
                                 release, indemnity, discharge or charge under this document.

                17.    GST
                17.1   Construction of this clause
                       In this clause 19:
                       (a)  a word has the meaning in the GST Act; and
                       (b)  areference to GST payable and an input tax credit entitlement include
                            the GST payable by, and the input tax credit entitlement of, the
                            representative member for a GST group of which the entity is a member.
                17.2   Payment of GST
                       (a)  If a party or an entity through which that party acts (Supplier) is liable
                            to pay GST on a supply made under or in connection with this
                            document, the recipient is to pay to the Supplier an amount equal to the
                            GST payable by the Supplier.
                       (b)  The recipient is to pay the amount stated in paragraph (a) in addition to
                            and at the same time that the consideration for the supply is to be
                            provided under this document.
                       (c)  The Supplier is to deliver a tax invoice or an adjustment note to the
                            recipient before the Supplier is entitled to the payment of the amount
                            stated in paragraph (a).
                       (d)  The recipient may withhold the payment of the amount stated in
                            paragraph (a) until the Supplier provides a tax invoice or an adjustment
                            note, as appropriate.
                       (e)  If an adjustment event arises in respect of a taxable supply made by a
                            Supplier under this document, the amount payable by the recipient is to
                            be recalculated to reflect the adjustment event and a payment is to be
                            made by the recipient to the Supplier or by the Supplier to the recipient
                            as the case requires.
                       (f)  The parties are to do all things including producing a tax invoice and
                            other documents which may be necessary or desirable to enable or help
                            the other party to claim an input tax credit, set-off, rebate or refund for
                            an amount of GST for a supply under this document.
                17.3.  Reimbursable cost
                       If a party is required to pay for a cost of another party (Reimbursable Cost),
                       the amount to be paid is the amount of the Reimbursable Cost net of an input
                       tax credit or reduced input tax credit to which the other party is entitled for
                       the Reimbursable Cost.

    Document Set ID: 21379346
    Version: 1, Version Date: 27/01/2021

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