Financial Services Division

Financial Services Division Acronym and Terms List

Acronym / Full Name Comment Term ABN Australian Business Number ABS Australian Bureau of Statistics ACNC Australian Charities and Not-for- Profits Commission AFS Annual Financial Statements AP Accounts Payable APA Australian Post Graduate Awards PhD and Masters Scholarships awarded to individual students AR Accounts Receivable ARC Australian Research Council An Australian Government central research funding agency. ASIC Australian Securities and Investments Commission AusAID Australian Agency for International A Commonwealth Government agency that funds certain Development international students’ tuition and stipends. BlackRock BlackRock One of the University’s Australian equity fund managers. B & P Buildings and Property Division A division of the University. BAS Business Activity Statement CA Chartered Accountant CF Carry Forward CGS Commonwealth Grant Scheme The Commonwealth Government contribution for University study. This, together with HECS, provides funding for Commonwealth Supported students. CIP Capital Infrastructure Plan The University’s rolling 10 year plan for expenditure on Buildings & Infrastructure and IDS. COA Chart of Accounts CPA Certified Practising Accountant CRH Centre for Remote Health CSL Commonwealth Supported Load Student load which receives a Commonwealth Government funding contribution DGR Deductible Gift Recipient EFT Electronic Funds Transfer EFTSL Equivalent Full Time Student Load ER Employer Sponsored Students whose fees are paid via agreements with their employer FBT Fringe Benefits Tax FD Flexible Delivery Teaching not done in the classroom etc, eg on-line FPPG Full Fee Paying Post Graduate Fees paid for domestic students only FIC Finance & Investment Committee A committee of the Flinders University FL Flinders Living On campus accommodation F&PS Finance & Procurement Services A division of the University. Division FTE Full Time Equivalent FUST Finance User Support Team A team working within Finance & Procurement Services GL General Ledger GST Goods and Services Tax HECS Higher Education Contribution The student contribution to University study. Can be paid Scheme upfront or deferred, in which case it is recovered through the taxation system once a person’s income has reached the prescribed threshold. HELP Higher Education Loan Program The student contribution to University study which can be deferred, in which case it is recovered through the taxation system once a person’s income has reached the prescribed threshold. HEPP Higher Education Participation Consolidates HEPPP and HEPP into one. A new Access Program Participation Fund and the existing National Priorities Pool as outlined below. HEPPP Higher Education Participation and A Commonwealth Government funding scheme to improve Partnerships Program access for lower socio-economic students to undergraduate study, as well as improving retention and completion rates for those students. HOCs Head of College Services Acronym / Full Name Comment

1 Term HWA Health Workforce Australia A Commonwealth Government funded body that provides funding to universities, especially to support clinical placements. IDS Information and Digital Services A division of the University. IL Infrastructure Levy Levy applied to JRE, SRE and RIBG to support infrastructure IPRS International Post Graduate PhD and Masters scholarships awarded to international Research Scholarship students. ISP International Student Program Fees paid for international student tuition ITEC Income Tax Exempt Charity LSL Long Service Leave NHMRC National Health and Medical An Australian Government central research funding agency. Research Council NILS National Institute of Labour Studies A part of the University, supported by the NILS Foundation Inc. NTMP Northern Territory Medical Program The University’s medical teaching program in the NT. PO Purchase Order PPE Property, Plant & Equipment An asset category on the statement of financial position. RSP Research Support Program Grant for the purpose of supporting the systemic costs of research not supported directly through competitive and other grants, such as libraries, laboratories, consumables, computing centres and the salaries of support and technical staff. RTP Research Training Program Grants for the purpose of supporting the training of higher degree research (HDR) students. SAHMRI South Australian Health and A South Australian Company limited by guarantee with the Medical Research Institute South Australian government and three South Australian universities as members. Its purpose is to be a flagship research institute for South Australia. Schroder Schroder One of the University’s Australian equity fund managers. SET Senior Executive Team SSAF Student Services and Amenities A compulsory fee paid by students that can only be spent on Fee prescribed services and amenities for students.

StarRez StarRez Accommodation booking system used by Flinders Living VP (CS) Vice-President (Corporate Services) TCC Tax Concession Charity Tied Grant and other funding received by the University that can only be spent for the purpose granted. Underlying Core University funding over which (Untied) the University has general expenditure discretion USF University Strategic Fund Funds set aside in the Budget each year to be used for strategic purposes determined by the Vice-Chancellor. VAT Value Added Tax Usually only applies to the UK or other European countries. VC Vice-Chancellor CEO of the University VPED Vice-President & Executive Dean College Head WC Workers Compensation The liability for the expected costs of workers compensation. WHS Work Health & Safety (new OHS) WOL Whole of Life reporting A new report

Updated 20/9/17