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Aquisition supplies paper
Published on 06 Sep 12 by NATIONAL DIVISION, THE TAX INSTITUTE
The concept of “acquisition supplies” was a deliberate inclusion in the GST Regulations, but did anyone really understand the far-reaching consequences this apparent oxymoron would have on the interpretation and administration of GST? Long the subject of questions over their very validity, have they now escaped to wreak havoc in a way never intended? This paper explores the rationale for the inclusion of the concept within the GST Regulations, the impact of recent cases on their practical consequences and possible problems for the future. This paper focuses, in particular on:
- a world without acquisition supplies?
- the original intent of including acquisition supplies
- current implications – Travelex and the Commissioner’s views on acquisition supplies.
Author profiles
Andrew Sommer CTA
Andrew Sommer, CTA is an expert in indirect taxation, with a particular specialty in complex GST issues. He is called upon to advise on all aspects of the GST for any major projects or transaction. He advises clients on financial structuring (including securitisation), property dealings and commercial transactions. Andrew has extensive experience in conducting and managing disputes with revenue authorities. Although Andrew's practice is primarily focused on GST, he has also worked in a range of other taxation areas including income tax, payroll tax, fringe benefits tax and R&D tax incentives. Before joining Clayton Utz, Andrew worked at a major accounting firm. Andrew has taught post graduate courses in taxation for both the University of New South Wales and Sydney University. Andrew is a member of the Academic Board of the Tax Institute's education program and a member of the ATO’s Public Advice and Guidance Panel. - Current at 19 September 2025Brad Miller
Brad is a Partner in EY’s Financial Services Indirect Tax team advising on a range of indirect taxes including GST. Brad focuses on assisting clients in the financial services sector by providing clear and concise value propositions to clients on very technical aspects of the GST legislation. Brad also assists clients from an indirect tax perspective on due diligence; structuring for acquisitions; divestment, developing and documenting GST apportionment methodologies; and managing ATO justified trusts reviews, as well as audits and disputes. Brad is an active member of a number of indirect tax committees for different industry associations, regularly advocating on behalf of those associations before both the ATO and Treasury. - Current at 18 November 2024
This was presented at 2012 National GST Intensive .
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Aquisition supplies
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