Introduction

The purpose of the taxation section of this web site is to enable you to access the taxation policies and forms that the University requires be adopted and used appropriately to ensure that the University complies with current taxation laws. Below are the two major tax areas relevant to the University, with detailed information available in respect of each of these.

If further assistance is required, please contact the Financial andBusiness Services office using the contact list below.

Fringe Benefits Tax

Fringe Benefits Tax is a tax payable by the University on the value of certain fringe benefits that have been provided to employees (present, former or future) or to associates of employees (eg: family members).

Common forms of fringe benefits include:

• Entertainment;
• Expense payments (eg HECS Payments, travel partly for pleasure and spouse travel);
• Relocation of employees;
• Living away from home allowance;
• Uniforms; and
• Motor vehicle benefits.

There are certain benefits that may be provided which are exempt from Fringe Benefits Tax. Further details are available from the link on the menu.

Goods & Services Tax

The Goods & Services Tax ("GST") is a tax of 10% on the supply of most goods and services in Australia and on goods imported into Australia. The GST replaced the former wholesale sales tax and a range of other state taxes and imposts.

GST is charged on the supply of most goods and services, and these supplies are called taxable supplies. There are other types of supplies where GST does not have to be charged. These are called GST-free supplies and input taxed supplies.

The University of Tasmania is treated like any other business in Australia. The University pays GST on most purchases of goods and services and is able to claim a tax credit for the GST paid, where certain conditions are met. Similarly, the University is required to charge GST on goods and services it supplies..

The main exception is the supply of "award" educational courses which are GST-free, as are a limited range of administrative services related to the provision of these courses.

Any other supply of goods or services by the University is potentially subject to GST. Examples of supplies that are subject to GST include:

• Research;
• Consultancy;
• Hire of equipment to students;
• Charges for photocopying; and
• "Non-award" or continuing professional development courses.

Further details are available from the link on the menu.

Contacts