New GST Withholding requirements

Effective from 1 July 2018, the Treasury Laws Amendment (2018 Measures No. 1) Act 2018 imposes obligations upon Buyers of certain new residential premises1 and certain potential residential land 2 to withhold and remit GST directly to the Australian Taxation Office (ATO) Key features of the new regime include: GST withholding on new residential property [...]