Document background
The Grant Invoice is a specialized financial document used in New Zealand to facilitate and document grant payments between funding organizations and recipients. This document type is essential when receiving approved grant funding and must comply with New Zealand's tax regulations, particularly the Goods and Services Tax Act 1985 and the Tax Administration Act 1994. The Grant Invoice serves multiple purposes: it acts as a formal payment request, provides an audit trail for financial reporting, and ensures compliance with grant agreement terms. It is typically used following grant approval and may be required at various stages, such as initial funding release, milestone achievements, or final payment requests. The document must include specific information to satisfy both legal requirements and grantor policies, including GST considerations, grant reference details, and any supporting documentation required by the grant terms.
