Early Childhood Service Managers and Owners did you know that current legislation provides that where there is a change in the GST rate Government grants and subsidies are not automatically increased?

How far are you going to absorb the cost of the new GST rate that comes into effect on 1 October? 

Consider that GST is not usually a cost that is borne by businesses as businesses act as agents of the Government to collect the tax and pass it on.  

LATEST UPDATE AND IT IS GOOD NEWS:  The Ministry have said they will adjust all ECE payments to reflect the GST increase.  See further information below - also included below are details about the way that the Ministry is applying the GST increase to the wash-up payments.

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