In the event that, as an educational institution or training organisation, you are purchasing textbooks and then on-selling them to your students, your institution or training organisation can participate in the subsidy arrangements if your organisation is a GST registered business. To participate in the scheme, you will be required to be registered. You will also be required to maintain the same records of sales as retail booksellers to substantiate your claims for the subsidy payment. For example, you will need to maintain records of the recommended retail price of each text, the price paid, the number of books sold and the discount given. In addition, your institution would be required to submit to regular audit review of your records to substantiate claims made.
Registration needs to be done once only.
For each course, you should develop a textbook list which identifies the prescribed or recommended textbooks. Where you have an existing relationship with a registered educational bookseller you should provide them with details of your textbook requirements so that they can list them on their inventory, or agree to a textbook list that the registered bookseller will prepare on your behalf. If you do not have an existing relationship with a registered bookseller, you should also consider providing details of your textbook requirements to registered booksellers in your local area. If your institution is a GST registered business with an ABN, and it sells educational textbooks directly to students, it may become registered as a scheme participant.