| FAQ |
Response |
| Should overseas fee income be calculated on a cash or accruals basis? |
Accruals basis. This is any fee income received that relates to the current 2008 year. i.e.: Any fee income received prior to 1 January 2008 that relates to the 2008 calendar year must be included. |
| Does fee income include agent commissions? |
Yes - If the student payment included agent commissions that will be on-paid by the provider to the agent.
However if the student pays the agent commissions directly to the agent, the amount is not included in fee income. |
| Does fee income include enrolment fees? |
Yes, enrolment fees whether refundable or not should be included in overseas student 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, materials fees, uniforms, student amenities and administration fees etc).
Other amounts are included as overseas fee income if these amounts relate to expenditure that is a mandatory requirement for the student to undertake 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 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. |
| Includes: |
Excludes: |
| Gross course fees received from overseas students that are studying on a student visa. |
Course fees received from overseas students that hold a visa other than a student visa. |
| Gross course fees received from overseas students who have been issued with a CoE but may not have commenced studying. |
Course fees received from overseas students studying outside Australia. |
Gross course fees i.e.: Tuition fees and any compulsory fees ancillary to tuition fees that a student pays to the provider to undertake the course.
Such as:
- Accommodation
- Exam fees
- Uniforms
- Student amenities fees
- Administration fees
- Re-sit fees
- Airport pick up, guardian fees, placement fees for student under 18 yrs
- Materials & equipment fees
- Enrolment fees
- OSHC
|
Income received from overseas students which is not paid directly in order to undertake the course.
Such as:
- Agent’s commission
- Cancellation fees
- Other non-compulsory fees.
|
| |
The value of scholarships issued by the provider. |
