News

GST at Settlement

Message from the ATO – Settlements occurring 24 Dec 2019 – 2 Jan 2020

This message is to provide key information on the GST at settlement measure.

The ATO is undertaking a major system upgrade over the Christmas and New Year break (break).

Clients (purchasers and their representatives) will be unable to lodge Form 1 or Form 2 from 6:15pm 24 December 2019 until 6:00am 2 January 2020.

Action to take if a property settles over the break:
 Form 1 and Form 2 lodged before the break: make payment during the break to the ATO using the payment reference number (PRN) received from Form 1. You will receive email confirmation after 2 January, but there may be some delays.

– Form 1 lodged before the break: make the payment during the break to the ATO using the PRN received from Form 1. Lodge Form 2 as soon as feasible on or after 2 January. Once the payment and Form 2 are processed you will receive your email confirmation, but there may be some delays.

– No forms lodged: don’t make the payment during the break, lodge both forms as soon as feasible on or after 2 January and make the payment with the PRN received from Form 1.

Note – For clients that will have lodged Form 1 (up until 23 December) and have indicated that they expect their property to settle during the shutdown will receive an email directly from the project team on what to do.