Council document · MCU13/0038

,   I




                                                  ITEMS SCHEDULE

                                                                 GST

                                             GOODS AND SERVICES TAX WARNING-




          Marking Ute GST Items in the Items Schedule may have significant consequences for the Vendor and Purchaser.
          The Vendor and Purchaser should seek professional advIce about
                                                                          completion ofUte GST Items and not rely on Ute
          Vendor’s agent to complete Ute GST Items.


          Notes to Completion:


          IA   Only 1 box in the selected Item must be marked.

          B.   If the Yes box in Item GST 1 is marked:


               >     Items GST2 and GST3 must not be marked;
               >
                     despite any markings of Items GST2 and GST3, clauses 34.4, 34.5 and 34.6 do not apply.

          C.   If the Yes box ;n Item GST2 is marked:


               >     Item GST1 and GS13 must not be marked;
               >     despite any marking of Items GST1 and GS13,clauses 34.4, 34.5 and 34.7 do nof apply.




        GST1        Going Concern:              Warning: There are strict requirements for the sale of a Going Concern
                                                under the GS1 Act. If in doubt about complying with those
                                                                                                              provisions, seek
                                                professional advice before marking this Item.


                                               Is this a sale of a Going Concern?                                    Yes    IX!
                                                If y s, clause 34.7 (If the Supply is a Going Concern)
                                                                                                       applies.

                                                Otherwise clause 34.7 (If the Supply is a Going Concern) does not apply.


                                                If the Yes box is marked,do not complete Items GST2 and GS13.




        GST2       Margin Scheme:               Is the Margin Scheme to apply to the sale ofthe Property?            Yes    0
                                               If yes, clause 34.6 (Margin Scheme)applies.


                                               Otherwise clause 34.6 (Margin Scheme) does not
                                                                                                     apply.

                                               1he Vendor must not apply the Margin Scheme to the Supply of the
                                               Property if clause 34.6 does not apply.

                                               If the Yes box is marked. do not complete Items GS11 and GS13.

                   Inclusive orExclusive       (Donot complete Item GST3 if Item GS11 (Going Concern) or Item GS12
    GST3
                   Purchase Price:             (Margin Scheme)are marked Yes.)

                                                                               Mark 1 box only
                                      Does the Purchase Price include GST?            Yes        0 If Yes, clause 34.4 (Purchase
                                                                                                      Price Includes GST)applies.
                                                                                                                                          &v
                                                                                      No         ~ If No, clause 34.5 (Purchase
                                                                                                      Price Does Not Include GST)
                                                                                                                                          d.
                                                                                                      applies.
                        If neither box is marked or if both boxes are marked, clause 34.4
                                                                                            (Purchase Price Includes GST)applies.


    EF019                               PAGE40F7                                  @COPYRIGHT REIQ                                 04/01