Financial Services

Research

Most research activities are likely to attract GST.

Research grants

Research grants received by the University are likely to be considered as taxable supplies and therefore will give rise to a GST liability. This is because the University generally undertakes to provide research in return for the grant money. This is a supply for the purposes of the GST legislation.

Generally, where research is provided to an overseas entity and is not supplied to an Australian entity, the transactions are treated as GST-free (as long as other requirements are met).

Research

For research grants refer above. In addition, contract research is subject to GST.

Co-operative Research Centres

Co-operative Research Centres are common, but the tax treatment of these will depend on the structure of the agreement. You should seek further advice on this issue.