'Bottom of the harbour' schemes were a form of tax avoidance used in Australia in the 1970s. The 'harbour' referred to was Sydney Harbour, which was near the financial district. Participation in the schemes was made a criminal offence in 1980.
Prices to include GST
The amount of GST (10%) must be included in any advertised or displayed price of goods and services that are sold and that are subject to GST. If a business fails to include GST in any price it charges, that GST amount will need to come from its own resources.
GST is collected and refunded/credited at each stage of the production process. In the end, it is the final consumer of the item who pays the full amount of the GST. The following examples show the different ways that GST is treated, depending on the nature of the transaction.