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Higher Education Tax Update, 5 December 2011
- By Moore Stephens Melbourne
- Published 6/12/2011
- Education Interests
- Unrated
Moore Stephens in Melbourne ran a tax update presentation for Universities
Changes to GST and appropriations are a victory for common sense
- By Stephen O’Flynn
- Published 30/11/2011
- Public perspective , Education Interests
- Unrated
On 24 November 2011 the Government released exposure draft legislation which will provide much needed clarity to the GST treatment of government appropriations. The proposed amendments are designed to ensure that payments by Government related entities (“GREs”) pursuant to an appropriation will generally only be subject to GST if they are made in the context of a commercial transaction.
GSTR 2001/D4 - The ATO updates its views on GST and grants
- By Moore Stephens Melbourne
- Published 8/11/2011
- Not for Profit Interests , Public perspective , Education Interests
- Unrated
On 2 November 2011 the Australian Taxation Office released Draft GST Ruling GSTR 2011/D4: Grants of Financial Assistance (the “Draft Ruling”). The draft ruling represents a substantial rewrite of an earlier ruling on the same topic, GSTR 2000/11 (the “Old Ruling”), and follows numerous court decisions which have both challenged and developed the ATO’s interpretation of the GST law.
Both providers and recipients of grants should review their GST treatment in light of the Draft Ruling, as some aspects of the ATO’s interpretation of the law have changed, particularly in the areas of peripheral supplies and tripartite arrangements.
Both providers and recipients of grants should review their GST treatment in light of the Draft Ruling, as some aspects of the ATO’s interpretation of the law have changed, particularly in the areas of peripheral supplies and tripartite arrangements.
Giving Charity Meaning - First steps towards a statutory definition
- By Moore Stephens Melbourne
- Published 4/11/2011
- Not for Profit Interests , Education Interests
- Unrated
A further piece of the Government’s reform agenda for the not-for-profit sector began to take shape on Friday 28 October 2011, with the release of a consultation paper on introducing a statutory definition of charity.
The consultation paper is a welcome response to numerous calls for clarity by organisations including the Charities Definition Inquiry, Productivity Commission and the Senate Economic Legislation Committee. It appears to foreshadow a statutory definition which preserves key benefits of the current common law definition, such as flexibility around the meaning of charitable purpose. The proposals seem to be a genuine effort to codify existing principles, rather than an attempt to narrow the definition of charitable entity.
The consultation paper is a welcome response to numerous calls for clarity by organisations including the Charities Definition Inquiry, Productivity Commission and the Senate Economic Legislation Committee. It appears to foreshadow a statutory definition which preserves key benefits of the current common law definition, such as flexibility around the meaning of charitable purpose. The proposals seem to be a genuine effort to codify existing principles, rather than an attempt to narrow the definition of charitable entity.
Changes to the GST Treatment of Government Appropriations are likely to impact on Education Providers
- By Stephen O’Flynn
- Published 11/11/2010
- Education Interests
- Unrated
Changes to the GST Treatment of Government Appropriations are likely to impact on Education Providers
On 10 November 2010 the ATO released a draft addendum to GSTR 2006/11 ‘Goods and Services Tax: Appropriations’ in response to the recent Full Federal Court decision in TT-Line Company Pty Ltd v Commissioner of Taxation (“TT-Line”).
On 10 November 2010 the ATO released a draft addendum to GSTR 2006/11 ‘Goods and Services Tax: Appropriations’ in response to the recent Full Federal Court decision in TT-Line Company Pty Ltd v Commissioner of Taxation (“TT-Line”).
ESOS Compliance
- By Theresa Glab
- Published 8/04/2009
- Education Interests
- Unrated
Australia's export education industry has experienced significant growth of 42% in the 3 years to 2008 to become Australia’s third largest export market. It employs 126,000 people and contributes $26.7 billion to the Australian economy.
How to make your world trip tax deductible
- By Stephen O’Flynn
- Published 7/05/2008
- Education Interests
- Unrated
In Lenten and Commissioner of Taxation [2008] AATA 281 (9 April 2008), the AAT have found that the dominant purpose of a school
teacher’s overseas travel was to improve his knowledge and skills as a teacher. This led to an increased chance of obtaining a promotion,
which he later succeeded in doing.
teacher’s overseas travel was to improve his knowledge and skills as a teacher. This led to an increased chance of obtaining a promotion,
which he later succeeded in doing.
Higher Education Endowment Fund draft guidelines for 2009 funding round released
- By Stephen O’Flynn
- Published 12/03/2008
- Education Interests
- Unrated
The HEEF Advisory board has released the draft HEEF guidelines for the 2009 funding round. The purpose of the Guidelines is to assist eligible higher education institutions to apply for funding through the HEEF Grants Program.