| FAQ |
Response |
| Should overseas fee income be calculated on a cash or accruals basis? |
Accruals basis - Any fee income received that relates to the current 2010 year. Fee income received prior to 1 January 2010 that relates to the 2010 calendar year must be included. |
| Does fee income include agent commissions? |
Yes - If the student payment included an amount of agent commissions to be on-paid by the provider.
However, if the student pays the commission directly to the agent, the amount is not included in fee income. |
| Does fee income include enrolment fees? |
Non-refundable enrolment fees are not to be included within overseas fee income.
However, refundable enrolment fees are included within overseas fee income. |
| What other amounts should be included in overseas student fee income? |
Compulsory fees in addition to tuition fees (such as accommodation, exam fees, uniforms, student amenities and administration fees etc). Include additional fees as overseas fee income if these amounts relate to expenditure that is a mandatory requirement for the student to successfully complete the course. |
| Do I submit gross or net income? |
Gross income. |
| Do I include amounts on-paid to a third party on behalf of the student by the provider, such as overseas fee income? |
Yes. Any compulsory or non-compulsory fees ancillary to tuition fees that a student is required to pay to undertake the course that are prepaid to the provider and then on-paid to a third party immediately, or in instalments throughout the year should be included within overseas fee income. |
| Do I include amounts paid directly by the student to a third party? |
No. |
| Do I include scholarships in my overseas fee income? |
If the provider has issued the scholarship then it is not to be included in overseas fee income.
However, if the scholarship was won/given to the student from a third party and paid to the provider it should be included within overseas fee income. |
| Do I include GST in my overseas fee income figures? |
No, all amounts are to be GST exclusive. |
| Is food included? The preparation of food has GST, should it be declared inclusive of GST? |
If food/meals are compulsory then include these amounts within overseas fee income exclusive of GST. |
| Is Overseas Student Health Cover (OSHC) included? |
Yes. |
| Should overseas fee income be net of any refunds paid? |
Yes. |
