Indemnity for GST (individual clause)
| Author(s) : | Danos, T |
|---|---|
| Short Description : | |
| Publisher : | Digital |
| Format : | Word document deliver by email |
| ISBN : | 0000692115 |
| Published : | JUly, 2011 |
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This precedent document comprises a single template clause for indemnity for goods and services tax (GST). It is a GST clause, clarifying that all values/costs/prices referred to in the relevant agreement or deed are exclusive of GST, and that any GST is payable by one particular party to that contract.
The GST clause is intended to be included in a broader agreement or deed.
The precedent includes footnote references guiding particular relevant considerations and potential amendments.
The GST clause provides for:
· relevant defined terms (including under relevant GST law, including the A New Tax System (Goods and Services Tax) Act 1999 (Cth);
· recovery of GST; and
· an indemnity to ensure that GST liability rests with one party.
The GST clause is intended to be included in a broader agreement or deed.
The precedent includes footnote references guiding particular relevant considerations and potential amendments.
The GST clause provides for:
· relevant defined terms (including under relevant GST law, including the A New Tax System (Goods and Services Tax) Act 1999 (Cth);
· recovery of GST; and
· an indemnity to ensure that GST liability rests with one party.
