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Policy: Taxation

Purpose

To ensure compliance with the University's taxation obligations.

Overview

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.

Scope

This policy applies across the University.

Policy statement

1. To meet its taxation obligations, the University:

  1. maintains appropriate records for the duration of the relevant legislation; and
  2. provides information as requested.

2. The University considers Fringe Benefits Tax (FBT) implications of all proposed commitments.

3. The University ensures, where applicable, that:

  1. prices to be charged for any goods and services is inclusive of the Goods & Services Tax (GST) amount;
  2. 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
  3. contracts for the acquisition or the sale of goods and services appropriately address taxation issues.

Information

 Printable version (PDF)
Title Taxation
Document Type Policy
Document Number ANUP_000471
Version 5
Purpose To ensure compliance with the University's taxation obligations
Audience Staff
Category Administrative
Topic/ SubTopic Finance - Taxation
 
Effective Date 25 Aug 2022
Next Review Date 25 Aug 2027
 
Responsible Officer: Chief Financial Officer
Approved By: Vice-Chancellor
Contact Area Finance and Business Services
Authority: 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
Delegations 0

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.