Information for applicants: Taxation and insurance
Funding provided under the ACT Arts Fund may be assessable income and may need to be included in your income tax return. For further information on taxation issues, including special income tax provisions, allowable deductions, income averaging and GST, you should consult your tax adviser or visit the Australian Taxation Office website at www.ato.gov.au
Do not add GST to your total funding request. If you are registered for GST and your application is successful you will automatically be paid the additional 10%.
artsACT strongly advises all applicants to seek their own advice regarding insurance. If any aspect of your project is to be undertaken in public premises or on public land, you may need to hold an appropriate level of public liability insurance. Applicants may include the cost of public liability insurance in their funding request.