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MCU14/0082 - Deed of Licence
(i) stop its use of the Licensed Area by the expiry of the notice; and
(ii) take all available steps to minimise loss resulting from that termination.
(b) UNITYWATER is not liable to pay any amount to LICENSEE in respect of a
termination under clause 10.5.
(c) Notwithstanding any other provision of the Licence. LICENSEE is not entitled to
any compensation for loss of prospective profits or loss of any benefits that would
have been conferred on LICENSEE but for the termination of the Licence.
11. GST
11.1 Definitions and Interpretation
(a) Capitalised expressions which are not defined in this clause but which have a
defined meaning in the GST Law have the same meaning in this Deed.
(b) In this Deed:
(il GST m.eansthe goods and services tax as imposed by the GST Law;
(ii) GST Amount means any Payment (or the relevant part of that Payment)
multiplied by the appropriate rate of GST (currently 10%);
(iii) GST Law has the meaning given to that term in A New Tax System
(Goods and Services Tax) Act 1999 (eth), or, if that Act does not exist for
any reason, means any Act impo~ing or relating to the imposition or
administration of a goods and services tax in Australia and any regulation
made under that Act;
(iv) Payment means any amount payable under or in connection with this
Deed including any amount payable by way of indemnity, reimbursement
or otherwise and includes the provision of any non-monetary consideration.
11.2 Payment of GST
The parties agree that:
(a) all Payments have been calculated without regard to GST;
(b) if the whole or any part of any Payment is the consideration for a Taxable Supply
for which the payee is liable to GST, the payer must pay to the payee an additional
amount equal to the GST Amount, either concurrently with that Payment or as
otherwise agreed in writing;
(c) any reference to a cost or expense in this Deed excludes any amount in respect of
GST forming part of the relevant cost or expense when incurred by the relevant
party for which that party can claim an Input Tax Credit;
(d) the payee will provide to the payer a Tax Invoice at the time at which any payment
is made under this clause.
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