Drafting and reviewing GST clauses under Australian GST

The goods and services tax (GST) was introduced in Australia on 1 July 2000 and it has had wide-reaching ramifications in commercial transactions. GST has become a major contractual issue and its proper application still gives rise to disputes between the contracting parties. In this article, the authors consider the current issues surrounding GST from a contractual standpoint, and outline its implications for drafting various kinds of commercial agreements.