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GST and Macquarie University
Prizes
Receipt of funding for prizes without naming rights passing back to the donor are considered as donations, and are therefore outside the scope of GST.
Receipt of funding for prizes with naming rights passing back to the donor may also be considered as donations, and outside the scope of GST if no "material benefit" passes back to the donor.
In the event that the donor receives a material benefit, for example where the funding amounts to sponsorship, then the funding will be subject to GST.