MCU15/0017 - Development Application

QUEENSLAND LAND REGISTRY FORM 20 version 2
Land Title Act 1994, Land Act 1994 and Water Act 2000 Page 3 of 3

[ “d

STANDARD EASEMENT CONDITIONS FOR ELECTRICITY SUPPLY AND INCIDENTAL PURPOSES

5. Goods and Services Tax

§.1
{a) Any consideration to be paid or provided for a supply made under or in connection with this easement, unless
specifically descnbed in this easement as ‘GST inclusive’, does not include an amount on account of GST.

(b) Despite any other provision in this easement, if a party (‘Supplier’) makes a supply under or in connection with this
easement on which GST is imposed (not being a supply the consideration for which is specifically described in this
easement as ‘GST inclusive’):

(i) the consideration payable or to be provided for that supply under this easement but for the application of this
clause (‘GST exclusive consideration’) is increased by, and the recipient of the supply (‘Recipient’) must
also pay to the Supplier, an amount equal to the GST payable by the Supplier on that supply: and

(ii) the amount by which the GST exclusive consideration is increased must be paid to the Supplier by the
Recipient without set off, deduction or requirement for demand, at the same time as the GST exclusive
consideration is payable or to be provided. However, the Recipient need not pay any amount referable to GST
unless they have received a valid Tax Invoice (or a valid adjustment note) for that taxable supply

5.2 Reimbursements

If a payment to a party under this easement is a reimbursement or indemnification calculated by reference to a loss, cost or
expense incurred by that party, then the payment must be reduced by the amount of any input tax credit to which that party
is entitled for that loss, cost or expense, That Party is assumed to be entitled to a full input tax credit unless it proves, before
the date on which the payment must be made, that its entitlement is otherwise.

5.3 Adjustment Events

If, at any time, an Adjustment Event arises in respect of any supply made by a party under the easement, a corresponding
adjustment must be made between the parties in respect of any amount paid pursuant to clause 5.1. Payments to give
effect to the adjustment must be made between the Parties and the Supplier must issue a valid Adjustment Note in relation
to the Adjustment Event.

5.4 GST Group
If a party is a member of a GST group, references to GST which the Party must pay and to input tax credits to which the

party is entitled, include GST which the representative member of the GST group must pay and input tax credits to which the
representative member of the group is entitled.

5.5 Definitions

Words or expressions used in this clause which are defined in the A New Tax System (Goods and Services Tax) Act 1999
(Cth) and related imposition Acts or, if not so defined, then which are defined in the Trade Practices Act 1974 (Cth), have the
same meaning in this clause.

BNEWORKDOCS\I 230911485194 2