The Division 129 Calculator

Prepares contingent taxation (GST) liability statements to meet your college or university’s reporting obligations to external auditors and/or financiers (under AASB 137: provisions, contingent liabilities and contingent assets).

Division 129 of the GST Act is the provision that provides for the making of an adjustment where there is a change in the extent of creditable purpose in respect of an acquisition.

The calculator is relevant where new student accommodation has been built within the past decade. Please contact us to find out if it is right for your student residence.