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<p class=MsoNormal><font size=2 color=navy face=Arial><span style='font-size:
10.0pt;font-family:Arial;color:navy'>Hi Raelene,<o:p></o:p></span></font></p>
<p class=MsoNormal><font size=2 color=navy face=Arial><span style='font-size:
10.0pt;font-family:Arial;color:navy'>According to the old “Transaction
analysis for a sample school” put out by DET when the GST was implemented,
Bonds should be coded ‘N’ out of scope.<o:p></o:p></span></font></p>
<p class=MsoNormal><i><font size=2 color=navy face=Arial><span
style='font-size:10.0pt;font-family:Arial;color:navy;font-style:italic'>“A
deposit held as security for the performance of an obligation is not treated as
consideration for a supply. Therefore, upon recovering the bond paid the school
would not be required to account for GST.”<o:p></o:p></span></font></i></p>
<p class=MsoNormal><font size=2 color=navy face=Arial><span style='font-size:
10.0pt;font-family:Arial;color:navy'><o:p> </o:p></span></font></p>
<p class=MsoNormal><font size=2 color=navy face=Arial><span style='font-size:
10.0pt;font-family:Arial;color:navy'>This can also be true for deposits for
camps etc.<o:p></o:p></span></font></p>
<p class=MsoNormal><font size=2 color=navy face=Arial><span style='font-size:
10.0pt;font-family:Arial;color:navy'>I emailed Jeff Crosbie some time ago, and
the information I got from him was:<o:p></o:p></span></font></p>
<p class=MsoNormal><font size=2 color=navy face=Arial><span style='font-size:
10.0pt;font-family:Arial;color:navy'>“<i><span style='font-style:italic'>The
camp company is correct in not charging GST on the camp deposit. The procedure
that you need to follow is:<o:p></o:p></span></i></span></font></p>
<ul style='margin-top:0cm' type=disc>
<li class=MsoNormal style='color:navy;mso-list:l0 level1 lfo1'><i><font
size=2 color=navy face=Arial><span style='font-size:10.0pt;font-family:
Arial;font-style:italic'>Pay the deposit using N (out of scope)<o:p></o:p></span></font></i></li>
<li class=MsoNormal style='color:navy;mso-list:l0 level1 lfo1'><i><font
size=2 color=navy face=Arial><span style='font-size:10.0pt;font-family:
Arial;font-style:italic'>When you receive the final invoice for the camp,
you need to do a credit note for the deposit (also using code N) and make
sure you do not attach the credit note to an invoice.<o:p></o:p></span></font></i></li>
<li class=MsoNormal style='color:navy;mso-list:l0 level1 lfo1'><i><font
size=2 color=navy face=Arial><span style='font-size:10.0pt;font-family:
Arial;font-style:italic'>Then pay the full total amount of the camp using
I (inclusive).<o:p></o:p></span></font></i></li>
</ul>
<p class=MsoNormal><i><font size=2 color=navy face=Arial><span
style='font-size:10.0pt;font-family:Arial;color:navy;font-style:italic'><o:p> </o:p></span></font></i></p>
<p class=MsoNormal><font size=2 color=navy face=Arial><span style='font-size:
10.0pt;font-family:Arial;color:navy'>Hope this helps<o:p></o:p></span></font></p>
<p class=MsoNormal><font size=2 color=navy face=Arial><span style='font-size:
10.0pt;font-family:Arial;color:navy'>Linda </span></font><font size=2
color=navy face=Wingdings><span style='font-size:10.0pt;font-family:Wingdings;
color:navy'>J</span></font><font size=2 color=navy face=Arial><span
style='font-size:10.0pt;font-family:Arial;color:navy'><o:p></o:p></span></font></p>
<p class=MsoNormal><font size=2 color=navy face=Arial><span style='font-size:
10.0pt;font-family:Arial;color:navy'><o:p> </o:p></span></font></p>
<div>
<p class=MsoNormal><strong><b><font size=2 color="#800040"
face="Lucida Handwriting"><span style='font-size:10.0pt;font-family:"Lucida Handwriting";
color:#800040'>Linda Campbell</span></font></b></strong><font color=navy><span
style='color:navy'><o:p></o:p></span></font></p>
<p class=MsoNormal><strong><b><font size=2 color="#800040"
face="Lucida Handwriting"><span style='font-size:10.0pt;font-family:"Lucida Handwriting";
color:#800040'>Business Manager</span></font></b></strong><font color=navy><span
style='color:navy'><o:p></o:p></span></font></p>
<p class=MsoNormal><st1:place w:st="on"><st1:PlaceName w:st="on"><strong><b><font
size=2 color="#800040" face="Lucida Handwriting"><span style='font-size:10.0pt;
font-family:"Lucida Handwriting";color:#800040'>Montrose</span></font></b></strong></st1:PlaceName><strong><b><font
size=2 color="#800040" face="Lucida Handwriting"><span style='font-size:10.0pt;
font-family:"Lucida Handwriting";color:#800040'> <st1:PlaceType w:st="on">Primary
School</st1:PlaceType></span></font></b></strong></st1:place><o:p></o:p></p>
</div>
<div>
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<p class=MsoNormal><b><font size=2 face=Tahoma><span lang=EN-US
style='font-size:10.0pt;font-family:Tahoma;font-weight:bold'>From:</span></font></b><font
size=2 face=Tahoma><span lang=EN-US style='font-size:10.0pt;font-family:Tahoma'>
busmanagers-bounces@edulists.com.au
[mailto:busmanagers-bounces@edulists.com.au] <b><span style='font-weight:bold'>On
Behalf Of </span></b>Clark, Raelene V<br>
<b><span style='font-weight:bold'>Sent:</span></b> Tuesday, 17 May 2005 11:41
AM<br>
<b><span style='font-weight:bold'>To:</span></b> busmanagers@edulists.com.au<br>
<b><span style='font-weight:bold'>Subject:</span></b> [Busmanagers] GST -
Refund of Bond</span></font><span lang=EN-US><o:p></o:p></span></p>
</div>
<p class=MsoNormal><font size=3 face="Times New Roman"><span style='font-size:
12.0pt'><o:p> </o:p></span></font></p>
<div>
<p class=MsoNormal><font size=2 face=Arial><span style='font-size:10.0pt;
font-family:Arial'>Hi everyone,</span></font><o:p></o:p></p>
</div>
<div>
<p class=MsoNormal><font size=3 face="Times New Roman"><span style='font-size:
12.0pt'> <o:p></o:p></span></font></p>
</div>
<div>
<p class=MsoNormal><font size=2 face=Arial><span style='font-size:10.0pt;
font-family:Arial'>Can you tell me the correct GST treatment when refunding a
bond following the hire of facilities. I have receipted the bond as GST
inclusive - is this correct?</span></font><o:p></o:p></p>
</div>
<div>
<p class=MsoNormal><font size=3 face="Times New Roman"><span style='font-size:
12.0pt'> <o:p></o:p></span></font></p>
</div>
<p class=MsoNormal><em><i><font size=5 color=fuchsia face=Forte><span
style='font-size:18.0pt;font-family:Forte;color:fuchsia'>Raelene </span></font></i></em><o:p></o:p></p>
<p class=MsoNormal><font size=2 face="Eras Medium ITC"><span style='font-size:
10.0pt;font-family:"Eras Medium ITC"'>Raelene Clark</span></font><o:p></o:p></p>
<p class=MsoNormal><font size=2 face="Eras Medium ITC"><span style='font-size:
10.0pt;font-family:"Eras Medium ITC"'>Business Manager</span></font><o:p></o:p></p>
<p class=MsoNormal><st1:place w:st="on"><st1:PlaceName w:st="on"><font size=2
face="Eras Medium ITC"><span style='font-size:10.0pt;font-family:"Eras Medium ITC"'>Bayswater</span></font></st1:PlaceName><font
size=2 face="Eras Medium ITC"><span style='font-size:10.0pt;font-family:"Eras Medium ITC"'>
<st1:PlaceType w:st="on">Primary School</st1:PlaceType></span></font></st1:place><o:p></o:p></p>
<p class=MsoNormal><font size=2 face="Eras Medium ITC"><span style='font-size:
10.0pt;font-family:"Eras Medium ITC"'>9721 3755</span></font><o:p></o:p></p>
<div>
<p class=MsoNormal><font size=3 face="Times New Roman"><span style='font-size:
12.0pt'> <o:p></o:p></span></font></p>
</div>
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<p></p><p><b>Important - </b>This email and any attachments may be confidential. If received in error, please contact us and delete all copies. Before opening or using attachments check them for viruses and defects. Regardless of any loss, damage or consequence, whether caused by the negligence of the sender or not, resulting directly or indirectly from the use of any attached files our liability is limited to resupplying any affected attachments. Any representations or opinions expressed are those of the individual sender, and not necessarily those of the Department of Education & Training.</body>
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