Purpose and Objectives
This policy outlines how our company complies with the relevant taxation laws in relation to the Goods and Services Tax (GST).
Policy Scope/Coverage
This policy applies to all our company staff involved in GST related transactions.
Policy Statement
Our company recognises Goods and Services Tax (GST) in accordance with:
- A New System (Goods and Services Tax) Act 1999
- Financial Accountability Act 2009 – Section 61(f)
- A New System (Australian Business Number) Act 1999
- A New System (Pay As You Go) Act 1999
Our company is required to:
- Include GST in the price of sales of taxable supplies to customers; and
- Claim GST or input tax credits (when it is applicable) for the GST included in the price of purchased goods and services.
Our company’s GST Status
Legal Name:
ABN Status: 63 942 912 684
Registered from: 1 Nov 1999
GST status
Registered from: 1 July 2000
Endorsed to access GST concessions
Charity / Fund type: Institution
DGR status: Endorsed DGR*
*As an endorsed DGR, the law provides that a donor may be eligible to claim a tax deduction for an amount exceeding $2 provided certain conditions of the gift/donation are met. A bona fide donation can never be subject to GST.
Our company is required to retain GST documentation for five (5) years.