The High Court has held that GST was payable by an airline where a passenger books and pays for airline travel, but subsequently cancels the booking or does not turn up for the flight and does not receive a refund. Qantas Airways Limited v FC of T 2011
The Government has recently introduced legislative amendments (due to the Full Federal Court's decision in FCT v Gloxinia Investments (Trustee)) to impose GST on sale of newly constructed residential premises.
The amendments will ensure that the sale of newly constructed residential premises to home buyers and investors is subject to GST…” (emphasis added) Further details at: http://assistant.treasurer.gov.au/DisplayDocs.aspx?doc=pressreleases/2011/135.htm&pageID=003&min=brs&Year=&Doc
The aim of the amendments is to ensure:
This change will have effect on the day the amending Bill receives Royal Assent – presumably in the next few months.
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