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  • 4.6. If I carry on an enterprise as a share trader and have a turnover of more than $75,000:

    Non-interpretative – straight application of the law

    1. You are required to register for GST, if you carry on an enterprise and your GST turnover, or your projected GST turnover, is $75,000 or more. However, input tax supplies are excluded when working out the GST turnover. Accordingly, you may not be required to register for GST if you carry on an enterprise as a share trader and the turnover exceeds $75,000.
    2. When you register for GST you will be allocated an ABN. If you choose not to register for GST, it may still be in your interest to apply for an ABN because the ABN will be used as a means of identification when interacting with Commonwealth and state government departments and agencies. However, it will not replace the current tax file number.
      Last modified: 31 Oct 2017QC 16359