Common use of Prior to Settlement Clause in Contracts

Prior to Settlement. The Buyer must: (a) Lodge a GST Property Settlement Withholding Notification Form with the ATO for each person comprising the Buyer; (b) Lodge a GST Property Settlement Date Confirmation Form with the ATO for each person comprising the Buyer; (c) Give the Seller a copy of the notification from the ATO specifying the Buyer’s lodgement reference number and payment reference number and a copy of the GST Property Settlement Date Confirmation Form lodgement with the ATO.