The following information shall be used when preparing a contract for sale of properties listed on the PMW Constructions website which are located at the Carole Park Development. SELLER’S DETAILS Company Name: P & M Wilkinson Pty Ltd ATF P & M Wilkinson Superannuation Fund ABN: 41 388 355 654 ACN: 388 355 654 Postal Address: PO Box 505 Inala Qld 4077 PH: 3271 3550 FAX: 3271 3551 SELLER’S SOLICITOR Solicitor: Comino & Associates Contact: Conrad Comino / Helena Brescia Postal Address: PO Box 7226 East Brisbane Qld 4169 PH: 3391 7777 FAX: 3391 8803 PROPERTY DETAILS Address: Lot 1 on SP 219952 Lot 2 on SP 219952 Waterford Rd, Waterford Rd, Carole Park Qld 4300 Carole Park Qld 4300 Lot 2 on SP 196668 Lot 3 on SP 196668 23 Pauline Ave, 25 Pauline Ave, Carole Park Qld 4300 Carole Park Qld 4300 Lot 4 on SP 196670 Lot 5 on SP 196670 28 Pauline Ave, 30 Pauline Ave, Carole Park Qld 4300 Carole Park Qld 4300 Lot 6 on SP 196670 21 Kathmaur Ave, Carole Park Qld 4300 County: Stanley Parish Woogaroo Land Sold as: Freehold Area: Present Use: Residential Local Government: Brisbane City Council The following additional information shall be used in the preparation of contract documents for the sale of properties: Please note that there is a GST clause that shall be required to be attached to any contract of Sale. The clause shall be written as shown: Goods and Services Tax a) Apply Margin Scheme The Seller may, in its discretion, apply the Margin Scheme to the taxable supply made under this contract. b) Payment of GST The parties agree that: (i) The purchase price is inclusive of GST but all other payments have been calculated without regard to GST; (ii) If the whole or any part of any payment is the consideration for a taxable supply for which the payee is liable to GST, the payer must pay to the payee an additional amount equal to the GST amount either concurrently with that payment or as otherwise agreed in writing; (iii) Any reference to a cost or expense in this Contract excludes any amount in respect of GST forming part of the relevant cost or expense when incurred by the relevant party for which that party can claim an input tax credit; (iv) The payer will pay to the payee on demand any interest, penalties, fines or other charges to the extent that they arise from the payer’s failure to make a payment when due under this Contract; and (v) This clause will not merge on completion. c) Definitions and Interpretation For the purpose of this clause: (i) Capitalised expressions which are not defined in this clause but which have a defined meaning in the GST Law have the same meaning in this Contract; (ii) In this Contract: GST means the goods and services tax as imposed by the GST Law; GST Amount any payment (or the relevant part of that payment) multiplied by the appropriate rate of GST (current 10%) GST Law has the meaning given to that term in A New Tax System (Goods and Services Tax) Act 1999, of, if that Act does not exist for any reason, means any Act imposing or relating to the imposition or administration of a goods and services tax in Australia and any regulation made under that Act; Payment means any amount payable under or in connection with this Contract (other than purchase price) including any amount payable by way of indemnity, reimbursement or otherwise and includes the provisions of any non-monetary consideration.
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