The University maintains a Fixed Asset Register in order to comply with external reporting requirements and to promote the efficient and effective use of University resources. The Fixed Asset Register records the cost, depreciation, transfer, disposal and location details of all accountable fixed assets used by the University.
The University is subject to Fringe Benefits Tax (FBT) legislation, as found in Fringe Benefits Tax Assessment Act 1986. FBT is a tax levied on the value of certain benefits, known as “fringe benefits”, provided by the University to employees. FBT is payable by the University not the employee.
The University offers a variety of travel options. Finance provides the necessary coordination between University staff, University guests, approved students, and the University's contracted Agent, preferred suppliers and travel industry partners.