Taxation
The RWTF is exempt from all forms of taxation except Fringe Benefits Tax (FBT) and the Goods and Services Tax (GST). The Australian Taxation Office has advised that the RWTF is a ‘financial supply provider’, consequently GST is not charged on revenue. The RWTF has no entitlement to input tax credits. Expenses are GST inclusive.
Visit
https://www.transparency.gov.au/annual-reports/royal-australian-air-force-welfare-trust-fund/reporting-year/2019-20-24