G

Goods and Services Tax (GST)

Any goods and services tax, value added tax, consumption tax or similar transaction tax including, but not limited to amounts payable in accordance with the A New Tax System (Goods and Services Tax) Act 1999 (Cth) and any associated legislation, payable in respect of the sale or other supply of products.

Green Building

A building with an ecologically sustainable focus which is designed and built with energy and water efficiency in mind, as well as minimising any adverse impact on its inhabitants and the environment.

Green Building Council of Australia

A national, not-for-profit organisation, that is committed to developing a sustainable property industry for Australia by encouraging the adoption of green building practices through market-based solutions. See Green Star.

Greenfield Site

Land which is previously undeveloped considered for commercial developments or industrial projects. (Contrast with Brownfield Site)

Green Star

A comprehensive, voluntary environmental rating system which rates a building against nine environmental criteria.  There are four rating tools covering certification of design, construction and operation of buildings.   Green Star rates a building both at its design stage and after construction. Buildings can be rated between 4 and 6 stars, with 6 stars representing world leadership.. The right to promote the Green Star rating relies upon formal certification by the Green Building Council of Australia.  See Green Building Council of Australia.

Guarantee

A secondary agreement in which one party (the guarantor or surety) is liable for the debt or default of another party (the principal debtor), who is the party primarily responsible for the debt or obligation. A guarantee requires independent Consideration and must be evidenced in writing. (See also Warranty)

Gantt chart

A horizontal bar chart which provides a graphical illustration of the time frame for work that helps to plan, coordinate, and track specific tasks in a project, and is frequently used in project management.

Glossary Term

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