$5,000 should be treated as assets refer account code – 26203. For GST code tax fact sheet 86750 ECD Costs associated G11 Include all motor vehicle expenses relating to Early Motor Vehicle with motor vehicle G14 Childhood Development facilities such as, Exp/Lease expenses relating to registration, maintenance, fuel, leases etc Early Childhood For GST code refer tax fact sheet Development facilities General Ledger Expenditure Administration – – Acc Account Title Account Description GST Business Rules/ Further Information Code Code Advertising Advertising by the G11 General costs associated with advertising including School Council G14 payment of advertisements in local papers for support staff, tender advertising etc. For GST code refer tax fact sheet 86802 Insurance External insurance G11 Includes cover for specific risks such as fidelity premiums G14 guarantee, cash in transit and physical assets. Stamp duty on insurance is GST free. Refer . For GST code refer tax fact sheet 86803 Affiliations Subscriptions to G11 Fees or subscriptions paid to professional associations professional bodies G14 e.g. Business Managers Association (ABMVSS). Includes share holding required for Credit Union Bank accounts, membership to sporting bodies, various levies and charges for entry to external facilities. Not to be used for subscriptions that are solely for the provision of reference materials see account code 86203. – For GST code refer tax fact sheet 86804 Freight Incoming and G11 Includes couriers. outgoing delivery G14 For GST code refer tax fact sheet of goods Expenses associated G14 Generally relating to interest charged on the loan. 86805 Cooperative loan interest with the provision of a cooperative loan Schools should contact the banking institution for advice on GST charges. 86806 Police Check Expenses associated G11 Refer to HR web A-Z Topics for details Payment with preliminary G14 police checks prior to employment For GST code refer tax fact sheet
$5,000 should be treated as assets – refer account code 26203. For GST code tax fact sheet 86750 ECD Motor Vehicle Exp/Lease Costs associated with motor vehicle expenses relating to Early Childhood Development facilities G11 G14 Include all motor vehicle expenses relating to Early Childhood Development facilities such as, registration, maintenance, fuel, leases etc For GST code refer tax fact sheet General Ledger – Expenditure – Administration Acc Code Account Title Account Description GST Code Business Rules/ Further Information Advertising Advertising by the School Council G11 G14 General costs associated with advertising including payment of advertisements in local papers for support staff, tender advertising etc. For GST code refer tax fact sheet 86802 Insurance External insurance premiums G11 G14 Includes cover for specific risks such as fidelity guarantee, cash in transit and physical assets. Stamp duty on insurance is GST free. Refer . For GST code refer tax fact sheet 86803 Affiliations Subscriptions to professional bodies G11 G14 Fees or subscriptions paid to professional associations e.g. Business Managers Association (ABMVSS). Includes share holding required for Credit Union Bank accounts, membership to sporting bodies, various levies and charges for entry to external facilities. Not to be used for subscriptions that are solely for the provision of reference materials – see account code 86203. For GST code refer tax fact sheet 86804 Freight Incoming and outgoing delivery of goods G11 G14 Includes couriers. For GST code refer tax fact sheet 86805 Cooperative loan interest Expenses associated with the provision of a cooperative loan G14 Generally relating to interest charged on the loan. Schools should contact the banking institution for advice on GST charges. 86806 Police Check Payment Expenses associated with preliminary police checks prior to employment G11 G14 Refer to HR web A-Z Topics for details For GST code refer tax fact sheet
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