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Edited version of your written advice
Authorisation Number: 1051296116532
Date of advice: 6 December 2017
Ruling
Subject: GST
The Commissioner has ruled on each of the following questions.
1. Has Entity A made a taxable supply within the meaning of the term under section 9-5 of the A New Tax System (Goods and Services Tax) Act 1999 (GST Act), when Entity B acquires land owned by Entity A?
2. Will a supply be made within the meaning of section 9-10 of the GST Act by Entity A if it undertakes legal action to seek compensation from Entity B, for the acquisition of the land by Entity B, and a compensation payment results from such action either from:
(a) an out of Court settlement; or
(b) a Court determined settlement?