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Recent developments in GST and property presentation
Published on 30 Mar 05 by NEW SOUTH WALES DIVISION, THE TAX INSTITUTE
Issues covered in this presentation include:
- small scale developments constituting an enterprise - MT 2004/D3
- sale of vacant land 'in the course or furtherance' of an enterprise new GST treatment of retirement village accommodation
- the application of GST to the sale of separately titled serviced apartments and holiday accommodation - the rewrite of GSTR 2000/20
- deposits for Division 99 purposes, and consequences on release or forfeiture
- changes in use of property and Division 129 adjustments.
This was also presented on 20 May 2005 at the 2005 North Queensland Convention in Townsville and on 8 July at the 34th Queensland State Convention.
Author profile
Lachlan Wolfers CTA
Lachlan Wolfers, CTA, is the Global Head of Indirect Taxes for KPMG, and also the Global Head of Data for KPMG Tax & Legal. He is also the National Leader of KPMG Law in Canada. He has over 25 years of experience advising multinational companies on indirect taxes, as well as tax transformation and technology. Lachlan is passionate about the role of indirect taxes in driving developments in the digitalization of the tax function. His recent publications, 'Transforming the in-house tax function through Technology', ‘The Future of Indirect Taxes to 2030‘, ‘The Future of VAT in a Digital World’ and ‘The Future of Generative AI in the Tax Profession’ all seek to provide insights on developments in areas like indirect taxes, how data is managed in the tax function and in the use of technologies to chart a course to the future. Lachlan has a strong sector focus on the digital economy and in the financial services sectors, and acts for many of the largest companies in these sectors, including for industry bodies. Lachlan also has considerable experience in the implementation of VAT/GST systems, having done so in Australia in the year 2000, and in China from 2012 to 2016. In 2020 Lachlan was awarded the Indirect Tax Advisor of the year for the Asia Pacific region by the International Tax Review. Lachlan has a long history of providing support and expertise to policymakers, finance ministries and tax authorities around the world, including in China, Australia and the UK, as well as the OECD. He is admitted as a Solicitor to the Supreme Court of NSW, and is called to the Bar by the Law Society of Ontario. Earlier in his career, Lachlan was the Associate to Justice Keith Mason, President of the NSW Court of Appeal. Lachlan has co-authored the leading textbook on capital gains tax in Australia (with Adjunct Professor Gordon Cooper AM), as well as authoring chapters for textbooks on income tax and GST. He was previously a National Director of the Taxation Institute of Australia. - Current at 19 September 2025
This was presented at Property Intensive: Recent Developments in the Industry .
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Individual sessions
Financing issues associated with property investment and development
Author(s): David ANDERSON, Jock MCCORMACKMaterials from this session:
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Selected structuring issues associated with property investment and development
Author(s): Kelvin FITZALAN, Joshua CARDWELLMaterials from this session:
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Recent developments in the GST treatment of property
Author(s): Lachlan R WOLFERSMaterials from this session:
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Stapled securities
Author(s): Brian LAWRENCEMaterials from this session:
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And then he knocked on the door: what to do when the tax man comes knocking
Author(s): Craig JACKSONMaterials from this session:
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