The full amount of loan applications through the RANRTF (currently a maximum of $1500) and RANCCF will continue to be paid in full to applicants.

Similarly the full amount of grants through the RANRTF and RANCCF paid to, or on behalf of applicants, will be paid in full.

Any increased costs or GST associated with providing you with loans and grants will be borne by the RANRTF and RANCCF.

Due to the nature of the RANRTF and RANCCF both funds operate in an income tax exempt environment.

While there have been significant operating cost increases in your holiday centres over the past three years these costs have been absorbed by the RANCCF, your tariffs have not been increased and the tariffs will not be increased this year.

However, with the tax reform the holiday centres are required to collect GST and remit it to the ATO.

Does the Holiday Centre make money from GST?

No. The tax is collected as part of the selling price (the tariff) and then passed on the ATO.

Being 100 per cent owned by the RANCCF the holiday centres have operated in an income tax and Wholesale Sales Tax (WST) exempt environment.

So removal of WST and other taxes will not necessarily result in reduced costs for your holiday centres.

While increased costs in your holiday centres associated with tax reform will be borne by the RANCCF you can be 100 per cent assured their will be no price exploitation in the holiday centres and that at any savings from tax reform will be passed to members.