Nam Le is the owner of a computer retail shop located opposite the famous Footscray fish market in the western part of Melbourne. He is a regular customer of Leo Leos who owns a popular seafood outlet in the market. Both Nam and Leo are registered for GST. Nam plans to host a barbeque Christmas party to thank his valued clients and suppliers. Nam sells a computer to Leo for his business use. In return, Leo supplies Nam with fresh prawns, salmon, oysters, and scallops for his barbeque party. The price of the computer and the seafood is the same, being $3,300. Advise Nam and Leo of their respective Australian GST obligations in relation to these transactions.

Henderson Homes Pty. Ltd. (HH) is a GST registered business specialising in the development and sale of residential homes in Hobart, Tasmania. It recently built a new residential home on a vacant block of land that it had purchased. HH subcontracted the construction works to several subcontractors and incurred $50,000 GST for their services. Shortly after the building works were completed, HH sold the home for $1.1 million to Yash, a property investor who subsequently leased the house to tenants for a monthly rent of $2,000. Yash paid a local window cleaner $330 (inclusive of GST) for window cleaning services at the rental property. Advise HH and Yash of their respective GST obligations in relation to these transactions.