GST Property Tax administration

Correcting mistakes - Rectification and ratification

Source: National

Published Date: 8 Sep 2016

 

This presentation covers:

  • sometimes accidents happen
  • sometimes a clause is omitted, not drafted appropriately, is questionable as to whether it is GST inclusive or exclusive or the gross up clause is sufficient
  • thoughts turn to - what to do ? how to remedy?
  • rectification (by deed or court order), retrospective amendment, ratification, implied term of contract
  • the elements, availability of the remedies and distinctions
  • case studies.

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Author(s)

Individual Session

Correcting mistakes - Rectification and ratification

Author(s): Michael Patane CTA , David W Marks KC CTA , Alex Affleck

Details

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Unless expressly stated, opinions are not that of The Tax Institute, which accepts no responsibility for the accuracy of any of the information contained within it.

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GST Property Tax administration 2016

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