Key Points:
The long-awaited new GSTR 2015/2 (Development lease
arrangements) confirms the ATO's recent approach to GST on
Government infrastructure projects, and barter arrangements more
generally.
After
the withdrawal of its previous Ruling, GSTR 2008/2, on 11 May 2011
following the Gloxinia decision, the ATO has released GSTR
2015/2, which applies on and from the date of issue, Wednesday 3
June 2015.
While the final version of the Ruling is not significantly
different to the draft Ruling, it will affect many aspects of
government infrastructure works, including the timing of invoices
(and hence cashflow).
More broadly, although it only applies to development lease
arrangements (DLAs) involving a government agency, some of its
principles may also apply to similar arrangements involving only
private entities, particularly to barter arrangements.
