GST for the racing industry

This information explains what owners, lessees, jockeys, drivers, trainers and breeders of racing animals need to do to meet their goods and services tax (GST) obligations.


Racing animals include thoroughbred and standard bred horses and greyhounds.

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There are five main sections:

Getting started with GST

Depending on the activities you conduct and your GST turnover, you may need to register for GST. First you need to work out your entity type and whether you are conducting your activities as an enterprise or a hobby.

Accounting for GST

Tax invoices are an important part of the GST system. If you are conducting activities in the racing industry, you may also need to be aware of GST obligations relating to monetary and non-monetary prizes, imports, exports and auctions.

PAYG issues

As a participant in the racing industry, you need to know about the no-ABN withholding rule and how this applies to the supply of goods and services. You may also need to know about pay as you go (PAYG) voluntary agreements if you have contract workers.

Reporting and paying GST

If you are registered for GST, you must report and pay GST amounts to us by lodging a business activity statement (BAS) or an annual GST return. Depending on your GST turnover and other eligibility requirements, you are able to pay GST monthly, quarterly or annually.

Common issues: members of the racing industry

We recognise that different issues are relevant to different members of the racing industry. This section includes common issues for owners and lessees, trainers, jockeys and drivers, apprentice jockeys and drivers, breeders, and non-residents of Australia.

In addition, there are Definitions and sources of More information.

    Last modified: 24 May 2014QC 18093