How does GST affect my pay?

This depends on whether you are GST registered or not. If you are GST registered, ultimately there is no effect on your net pay. You may see more money being paid to you at first, but this increase is due to GST which must then be paid to the Australian Taxation Office (ATO).

Similarly you will see us charging you more on our brokerage service, however this charge can be refunded from the ATO.

However if you decide not to be GST registered, you will not see the increased payment (as we will not charge the CO GST on your behalf) but you will still be charged more on our brokerage service.

Unfortunately, without being GST registered you will not be able to get a refund on this GST component.