2015-03-03 Planning & Organisation Agenda

PLANNING & ORGANISATION COMMITTEE MEETING AGENDA   3 MARCH 2015




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PLANNING & ORGANISATION COMMITTEE MEETING AGENDA                                                   3 MARCH 2015

                       Infrastructure will wholly offset the infrastructure charge/s amount/s that is
                       apportioned to the Public Parks and Land for Community Facilities network
                       component of the Infrastructure Charge Notice/s.
                6      GOODS AND SERVICES TAX
               6.1     Interpretation
                       In this clause:
                       (a)      expressions which are not defined but which have a defined meaning
                                in GST Law have the same meaning as in the GST Law.
                       (b)      “GST Law’ has the meaning given to that expression in A New Tax
                                System (Goods and Services Tax) Act 1999.
                       (c)      “GST Amount” means the amount referred to in Clause 6.3 (Payment
                                of GST).
                6.2    Consideration GST exclusive

                       Unless otherwise expressly stated, all prices or other sums payable or
                       consideration to be provided under this Deed are exclusive of GST.
                6.3    Payment of GST
                       If GST is payable by a supplier on any supply made under this Deed, the
                       recipient will pay to the supplier an amount equal to the GST payable on the
                       supply.
                6.4 —_ Timing of GST payment
                       The GST Amount will be paid by the recipient on the same date the
                       consideration for the supply is to be provided under this Deed.
                6.5    Tax invoices
                       The recipient is not required to pay the GST Amount until the supplier has
                       provided the recipient with a tax invoice in respect of the taxable supply. If the
                       supplier has not provided the recipient with a tax invoice prior to the time that
                       the GST Amount is otherwise payable under this clause, the recipient must pay
                       the GST Amount within five days of the receipt of the tax invoice.
                6.6    Adjustment events
                       If at any time an adjustment event arises in respect of a taxable supply made
                       by a supplier under this Deed the supplier will provide the recipient with an
                       adjustment note for the adjustment immediately upon becoming aware of the
                       adjustment. Where such      an  adjustment event arises,    a corresponding
                       adjustment will be made to the GST Amount and a payment will be made by
                       the recipient to the supplier or the supplier to the recipient as the case requires.
                6.7    Reimbursements
                       Where a party is required under this Deed to pay for or reimburse an expense
                       or outgoing of another party, the amount to be paid by the first party is the sum
                       of:

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