Financial Services

Tea funds

Further information

Staff members pay the University (usually by payroll deduction) regular contributions towards the costs of morning and afternoon teas.

The supply of morning and afternoon teas provided by the University will be subject to GST as the University on-charges the cost to employees (in other words, consideration is payable). Accordingly, 1/11th of the tea monies collected should be remitted as GST.

Input tax credits are available to the University for any GST incurred on certain food items that are purchased for these teas.