GST assessment process for leasing equipment

Flowchart outlines the GST assessment process on hiring or leasing equipment

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This flowchart outlines the GST assessment process when hiring or leasing equipment to students or other parties. Other parties include an external body or association, a charitable or non-profit organisation, a business or company, or another school.

Note: A text version of the process has been provided below the chart.

Flowchart

Process chart outlining whether gst or no gst is to be charged by schools on hiring or leasing equipment or facilities

Text version of flowchart

The process required to assess whether GST must be charged is as follows:

Are you hiring a student or other?

Note: *Other includes an external body or association, a charitable or non-profit organisation, a business or company, or another school

If other:

  1. Is market value determined?
    1. No - charge GST
    2. Yes - is it less than 50% of the GST inclusive market value or less than 75%of the cost of supply?
      1. No - Charge GST
      2. Yes - do not charge GST (GST free)

If a student:

  1. Is it a curriculum related item?
    1. No - charge GST
    2. Yes - Does the school retain ownership?
      1. No - Charge GST
      2. Yes - Do not charge GST (GST free)
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