Goods and Services Tax (GST Exclusive Prices. (a) Any reference in this clause to a term defined or used in the A New Tax System (Goods and Services Tax) Xxx 0000 (Cth) is, unless the context indicates otherwise, a reference to that term as defined or used in that Act.
(b) Unless expressly included, the consideration for any supply made under or in connection with this Agreement does not include an amount on account of GST in respect of the supply (GST Exclusive Consideration) except as provided under this clause.
(c) Any amount referred to in this Agreement (other than an amount referred to in clause 20.12(h)) which is relevant in determining a payment to be made by one of the Participants to another is, unless indicated otherwise, a reference to that amount expressed on a GST exclusive basis.
(d) To the extent that GST is payable in respect of any supply made by a Participant (Supplier) under or in connection with this Agreement, the consideration to be provided under this Agreement for that supply (unless it is expressly stated to include GST) is increased by an amount equal to the GST Exclusive Consideration (or its GST exclusive market value if applicable) multiplied by the rate at which GST is imposed in respect of the supply.
(e) The recipient must pay the additional amount payable under clause 20.12(d) to the Supplier at the same time as the GST Exclusive Consideration is otherwise required to be provided.
(f) The Supplier must issue a tax invoice to the recipient of the taxable supply at or before the time of payment of the consideration for the supply as increased on account of GST under clause 20.12(d) or at such other time as the parties agree.
(g) Whenever an adjustment event occurs in relation to any taxable supply made under or in connection with this Agreement the Supplier must determine the net GST in relation to the supply (taking into account any adjustment) and if the net GST differs from the amount previously paid under clause 20.12(e), the amount of the difference must be paid by, refunded to or credited to the recipient, as applicable.
(h) If a Participant is entitled to be reimbursed or indemnified for a loss, cost, expense or outgoing incurred in connection with this Agreement, then the amount of the reimbursement or indemnity payment must first be reduced by an amount equal to any input tax credit to which the Participant being reimbursed or indemnified (or its representative member) is entitled in relation to that loss, cost, expense or outgoing and, then, if the amount of t...
Goods and Services Tax (GST Exclusive Prices. (a) A reference in this Clause 20.4 to a term defined or used in the GST Act is, unless the context indicates otherwise, a reference to that term as defined or used in that Act.
Goods and Services Tax (GST Exclusive Prices. (a) A reference in this Clause 20.4 to a term defined or used in the GST Act is, unless the context indicates otherwise, a reference to that term as defined or used in that Act.
(b) Any amount referred to in this Contract which is relevant in determining a payment to be made by one of the Parties to the other is exclusive of any GST unless indicated otherwise.
(c) If GST is imposed on a supply made under or in connection with this Contract, the consideration provided for that supply is increased by the rate at which that GST is imposed. The additional consideration is payable at the same time as the consideration to which it relates.
(d) If one of the Parties is entitled to be reimbursed for an expense or outgoing incurred in connection with this Contract, the amount of the reimbursement will be net of any Input Tax Credit which may be claimed by the Party being reimbursed in relation to that expense or outgoing.
