Purpose

To create Tax Reference information for those Student Fees liable for Tax

SubSystem

Finance

Legislation may require that Tax is levied on some supplies and services provided to students by a Tertiary Institution. This form allows for the creation of Tax Reference (or Tax Registration) Numbers or codes required in administering such a tax.

In an Australian context, the Goods and Services Tax (GST) is to be levied on certain Student Fees in accordance with the 'A New Tax System (Goods and Services Tax) Regulations 1999'. An Australian Business Number (ABN) of the issuing body must be recorded on Tax Invoices.

In Callista

Tax References recorded here are assigned to Fee Categories for specific Fee Periods in the form FINF2800. If a category is designated as taxable, the component fee liabilities may or may not be taxable. Tax Reference Numbers/codes are included in the extract of data for Statement of Account and Sponsor Summary Statement extracts, as are tax amounts for those fees that are taxable.

For example, a Second Semester 2004, Fee Category DOM-HECS includes these taxable fees: GSF (General Service Fee) and COMP-HIRE (fee to hire computer equipment). An ABN, 777 111 333 666, is recorded in this form and allocated to DOM-HECS for FEE-SEM2 in the form FINF2800. This ABN reference will be extracted for inclusion on the statements of students in the DOM-HECS Category.

The Tax Reference block contains:

• Tax Reference
• Description
• Closed check box

Rule/Notes:

Use this form to:

• Enter Tax Reference Numbers or codes, with their Descriptions, as used by the institution.

Rules/Notes:

Once assigned to a Fee Period for a Fee Category, Tax References cannot be deleted. They can be closed to prevent their allocation in the future.