Map GST, margin-scheme and going-concern issues for the property sale or lease
Key facts
- Human involvement
- RedLawyer-led
- How AI is used
- From the contract facts (use, tenancies, GST registration, price), list candidate GST treatments (taxable supply, going concern, margin scheme), the clause needed and facts to confirm.
- What the lawyer must review
- Check going-concern requirements: both registered, enterprise carried on, all things necessary supplied
- Check the going concern and margin scheme against GSTR 2002/5, GSTR 2000/21 and any private ruling
- Check whether vacant possession breaks the going concern
- Tailor the clause and advise on GST risk in writing
- Consult the accountant
- Written for / version
- Commonwealth versionCth
Rules that apply
The document starts from the task name. Change it if this piece of work is different.
Who does what
| Role | What they do |
|---|---|
| Assistance | Supporting preparation only. Potential support includes preparing preliminary structure or wording. Confirm the tool’s capability and permitted scope. Substantive advice, judgement and any restricted content remain with the responsible human. |
| Lawyer | Perform the substantive analysis and decisions. Independently check any permitted supporting work and approve the exact output for its intended use. |
Checklist
- Review operative clauses in the complete document, including definitions, cross-references, schedules and inconsistencies with the instructions.
- Obtain and inspect the relevant current official register or search result. Confirm identities, interests and the date and scope of the search.
- Confirm the output against the client’s instructions and the complete relevant source material, including omissions or contradictions.
- Resolve exceptions and record the responsible lawyer’s approval of the exact output and intended use.