Compliance Overview / University of New England

Compliance Overview

Compliance Framework
Compliance Driver	UNE Taxation Requirements (Cth)
Classification	Level 2 University-wide requirement. Lower impacts.
Associated Legislation	A New Tax System (Australian Business Number) Act 1999 (Cth) A New Tax System (Family Assistance) (Administration) Act 1999 (Cth) A New Tax System (Goods and Services Tax) Act 1999 (Cth) A New Tax System (Luxury Car Tax) Act 1999 (Cth) A New Tax System (Wine Equalisation Tax) Act 1999 (Cth) Crimes (Taxation Offences) Act 1980 (Cth) Customs Act 1901 (Cth) Customs Tariff Act 1995 (Cth) Duties Act 1997 (NSW) Fringe Benefits Tax Act 1986 (Cth) Fringe Benefits Tax Assessment Act 1986 (Cth) Fuel Tax Act 2006 (Cth) Income Tax Assessment Act 1936 (Cth) Income Tax Assessment Act 1997 (Cth) International Tax Agreements Act 1953 (Cth) Land Tax Act 1956 (NSW) Local Government Act 1993 (NSW) New Business Tax System (Capital Gains Tax) Act 1999 (Cth) New Business Tax System (Venture Capital Deficit Tax) Act 2003 (Cth) Payroll Tax Act 2007 (NSW) Taxation Administration Act 1953 (Cth) Taxation Administration Act 1996 (NSW) University of New England Act 1993 (NSW) (NSW)
Associated Standards	None
Associated Codes	None
Associated Information	None

Return to Top Administrative Information
Administrative Body	Australian Taxation Office
Administrative Name
Administrative Address	Mailing Address GPO Box 9990 Sydney NSW Australia, 2001
Administrative Phone	13 28 66
Administrative Email
Administrative Website	https://www.ato.gov.au/

Return to Top General Introduction
VC Compliance Delegate	Ilias Dimopoulos, Head of Finance
Compliance Coordinator	Ilias Dimopoulos, Head of Finance
Business Units Impacted	Finance Office of the Chief Financial Officer UNE Foundation Limited UNE Life UNE Partnerships Pty Ltd
Overview	Tax and duties regimes
Compliance Obligations
Return to Top Fringe Benefits Tax (FBT)
Description	To comply with all Fringe Benefits Tax laws and legislative instruments.
Impacts
Responsible Manager	Ilias Dimopoulos, Head of Finance
Coordinating Officer	Stephanie Shaw, Manager Financial Accounting & Operations
Coordinating Unit	Finance
Oversight Committee/Group	None
Business Units Impacted	Finance Office of the Chief Financial Officer
Obligation Framework
Associated Legislation	Fringe Benefits Tax Act 1986 (Cth) Fringe Benefits Tax Assessment Act 1986 (Cth)
Associated Standard	None
Associated Code	None
Associated Information	None
Management Tools
Rule	None
Policy	None
Procedure	None
Guideline	None
Other Websites

Return to Top Goods & Services Tax (GST)
Description	To comply with all laws and legislative instruments relating to GST. The Goods and Services Tax (GST) is a broad-based tax of 10 per cent on the sale of most goods and services and other things in Australia. By registering for GST, you will be entitled to claim input tax credits for the GST included in the price paid for things that you acquire for use in your business. If you are not registered, you will not be able to claim input tax credits.
Impacts
Responsible Manager	Ilias Dimopoulos, Head of Finance
Coordinating Officer	Stephanie Shaw, Manager Financial Accounting & Operations
Coordinating Unit	Finance
Oversight Committee/Group	None
Business Units Impacted	Finance Office of the Chief Financial Officer
Obligation Framework
Associated Legislation	A New Tax System (Goods and Services Tax) Act 1999 (Cth) Crimes (Taxation Offences) Act 1980 (Cth)
Associated Standard	None
Associated Code	None
Associated Information	None
Management Tools
Rule	None
Policy	None
Procedure	None
Guideline	None
Other Websites

Return to Top Income Tax
Description	To comply with all laws and legislative instruments related to Income Tax. UNDER DIVISION 50 of the Income Tax Assessment Act 1997 the UNIVERSITY , as a "PUBLIC EDUCATIONAL INSTITUTION" is exempt from tax on its ordinary income and statutory income. UNE Foundation Limited, UNE Life Limited, and UNE Partnerships Pty Ltd are all exempt as a "registered charity". Even if an exempt entity, the Commissioner can still require you to lodge an income tax return or information under section 161 of the Income Tax Assessment Act 1936.
Impacts
Responsible Manager	Ilias Dimopoulos, Head of Finance
Coordinating Officer	Stephanie Shaw, Manager Financial Accounting & Operations
Coordinating Unit	Finance
Oversight Committee/Group	None
Business Units Impacted	Finance Office of the Chief Financial Officer
Obligation Framework
Associated Legislation	Income Tax Assessment Act 1936 (Cth) Income Tax Assessment Act 1997 (Cth)
Associated Standard	None
Associated Code	None
Associated Information	None
Management Tools
Rule	None
Policy	None
Procedure	None
Guideline	None
Other Websites

Return to Top Land Tax
Description	To comply with all laws and legislative instruments related to Land Tax. Non-profit organisations, including, charitable or educational institutions, unions and associations that are not-for-profit and trustees of non-profit organisations, which own land in New South Wales, may be entitled to an exemption from land tax.
Impacts
Responsible Manager	Ilias Dimopoulos, Head of Finance
Coordinating Officer	Stephanie Shaw, Manager Financial Accounting & Operations
Coordinating Unit	Finance
Oversight Committee/Group	None
Business Units Impacted	Finance
Obligation Framework
Associated Legislation	Land Tax Act 1956 (NSW)
Associated Standard	None
Associated Code	None
Associated Information	None
Management Tools
Rule	None
Policy	None
Procedure	None
Guideline	None
Other Websites

Return to Top Payroll Tax
Description	To comply with all payroll tax laws and legislative instruments. The Payroll Tax Act 2007 Act mandates the payment of payroll tax by the University on the following expenditure items: 1. Salaries and wages 2. All untaken recreation leave and long service leave accrued and paid by lump sum upon termination. 3. Subsistence and Car Allowance payments 4. Contribution to official overseas travel expenses 5. Special studies travel grant.
Impacts
Responsible Manager	Ilias Dimopoulos, Head of Finance
Coordinating Officer	Stephanie Shaw, Manager Financial Accounting & Operations
Coordinating Unit	Finance
Oversight Committee/Group	None
Business Units Impacted	Finance Office of the Chief Financial Officer
Obligation Framework
Associated Legislation	Payroll Tax Act 2007 (NSW)
Associated Standard	None
Associated Code	None
Associated Information	None
Management Tools
Rule	None
Policy	None
Procedure	None
Guideline	None
Other Websites

Compliance Obligations