Private ruling: GST
Date of advice: 6 December 2017
Published: April 2018

Ruling: The Commissioner has ruled on each of the following questions. | 1. Has Entity A made a taxable supply within the meaning of the term under section 9-5 of the A New Tax System (Goods and Services Tax) Act 1999 (GST Act), when Entity B acquires land owned by Entity A? | 2. Will a supply be made within the meaning of section 9-10 of the GST Act by Entity A if it undertakes legal action to seek compensation from Entity B, for the acquisition of the land by Entity B, and a compensation payment results from such action either from: | (a) an out of Court settlement; or | (b) a Court determined settlement?