Financial Management Practice Manual

FMPM 730: Policy

To set out the compliance requirements in relation to taxation.

Function	Responsibility of
Compliance with the requirements of applicable taxation legislation	Financial Delegate
Compliance with the reporting requirements ofFringe Benefits and Goods and Services taxation legislation	Director, Financial and Business Services
Compliance with employment related taxation liabilities	Director, Human Resources Management

The University must ensure that it complies with the relevant Federal, State and Local Government taxation laws, regulations, policies and procedures.
The Financial Delegate, prior to entering into a tax related transaction, must obtain the appropriate advice and/or documentation to ensure compliance with the applicable taxation legislation.
The Director, Financial and Business Services must ensure compliance withFringe Benefits Tax and Goods and Services Tax reporting requirements.
The Director, Human Resources Management must ensure compliance with Commonwealth and State taxation reporting requirements in respect of employment related liabilities
All documentation for taxation purposes must be retained and must comply with FMPM 930: Policy – Document Retention.

For enquiries in relation to this FMPM Policy please contact accountsreceivable@jcu.edu.au.

Policy sponsor:	Executive Director, Finance and Resource Planning
Approval authority:	Finance Committee
Version no:	12-01
Date for next review:	11/2016

Version no.	Approval date	Date notification sent by Approval Authority to policy@jcu.edu.au	Implementation date	Details
12-1	11/2012		20/11/2012	Finance Committee (13/11/12)
11-1	16/11/2011		22/11/2011
10-1	16/11/2010		22/11/2010
01-1	12/2001		12/2001

Susan Kinobe last updated this page on 25 Apr 2013.