The University of Canberra is required under the territory law to prepare and present annual financial statements for the year ending 31 December for audit by the ACT Government Auditor General's office.

The University also has a rigorous internal audit program that is carried out by accounting firms within the ACT. All internal auditors report to the University's Audit Committee and may carry out their audit at various times in the year.

The University is income tax exempt organisation, however some activities may attract taxation of various types - eg payroll tax to the ACT government and Fringe Benefits Tax(FBT) payable to the Australian Taxation Office. The University is also subject to the Goods and Services Tax(GST), however many of its activities are deemed a GST free supply, primarily due to the provision of education. Goods and services supplied by the University that are not education related are subject to GST.

Any inquiries regarding Financial Reporting or Taxation can be directed to Shanthan Ponniah on ext.5032