AU Australia property term
GST Withholding at Settlement
Australia-wide
Plain-English definition
A process that can require a purchaser of new residential premises or potential residential land to pay a notified GST amount directly to the ATO at settlement.
Why this matters to a foreign buyer
The seller must give a written notification about withholding. Your settlement representative should confirm the amount, lodge the required forms and reduce the balance paid to the seller accordingly.
For step-by-step Perth and WA guides, visit Property Learning Hub.