To ensure compliance with the University's taxation obligations.
To ensure the University complies with its taxation obligations in accordance with the requirements of the Australian National University (ANU) Act 1991 (the ANU Act) and other relevant legislative requirements.
Whilst section 48 of the ANU Act exempts the University from a range of State and Territory taxes, the University is still subject to Payroll, Goods & Services, Fringe Benefits and Pay-As-You-Go Taxes.
This policy applies across the University.
1. To meet its taxation obligations, the University:
- maintains appropriate records for the duration of the relevant legislation; and
- provides information as requested.
2. The University considers Fringe Benefits Tax (FBT) implications of all proposed commitments.
3. The University ensures, where applicable, that:
- prices to be charged for any goods and services is inclusive of the Goods & Services Tax (GST) amount;
- where required, a valid tax invoice is acquired for each purchase to enable the University to claim input tax credits for the purposes of GST; and
- contracts for the acquisition or the sale of goods and services appropriately address taxation issues.
|Printable version (PDF)|
|Purpose||To ensure compliance with the University's taxation obligations|
|Topic/ SubTopic||Finance - Taxation|
|Effective Date||25 Aug 2022|
|Next Review Date||25 Aug 2027|
|Responsible Officer:||Chief Financial Officer|
|Contact Area||Finance and Business Services|
Fringe Benefits Tax Assessment Act 1986
A New Tax System (Goods & Services Tax) Act 1999
Australian National University Act 1991
Income Tax Assessment (1997 Act) Regulations 2021
Information generated and received by ANU staff in the course of conducting business on behalf of ANU is a record and should be captured by an authorised recordkeeping system. To learn more about University records and recordkeeping practice at ANU, see ANU recordkeeping and Policy: Records and archives management.