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Monthly Archives: March 2014

eCommerce – Online Shop Now Live

Over the last few months, the eCommerce project team have been working on delivering a platform through which Faculty’s, Schools & Business Units can sell services and goods online. In February, the “Online Shop” went live and is now enabling Students and Staff to purchase online course readers from the Image and Copy Centre and […]

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Update to Chart of Accounts – March 2014

An updated version of the Chart of Accounts (COA) can be viewed on the Financial Services Website under the General Documentation tab.  Track the changes from the last version by referring to the Chart of Accounts Change History. If you have any queries, please contact Phillipa Roach on x31010

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Creating or Amending Vendors – to include overseas payment requirements

The “Creating/Amending Vendor Request Form” has been updated to include overseas payment requirements, as different countries banks have different requirements for receiving funds from overseas. If you have any queries in relation to this form, please forward them to Accounts Payable.

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Foreign Currency Payment Processing

A review of the current methods for administering Foreign Currency payments was undertaken to identify processing efficiency and bank fee savings opportunities for the University. The preferred method for Foreign Currency payments will be Telegraphic Transfers.  Bank Drafts will no longer be utilised as a payment method.  Invoices forwarded to Accounts Payable without bank account […]

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Increase to FBT rate – 1 April 2014

Due to legislation changes, a number of Fringe Benefits Tax (“FBT”) rates will increase with effect from 1 April 2014.    The information below summarises the rate increases for the 2015 FBT year (1 April 2014 – 31 March 2015). Rate Current FBT Rate Revised FBT Rate FBT Rate 46.5% 47% Type 1 Gross Up Rate 2.0647 2.0802 […]

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