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  • Eligibility

    Attention

    Warning:

    This information may not apply to the current year. Check the content carefully to ensure it is applicable to your circumstances.

    End of attention

    You are a small business entity if you are carrying on a business and have an aggregated turnover of less than $2 million.

    Aggregated turnover is your annual turnover plus the annual turnovers of any entities that are connected with you or that are your affiliates (adjusted to ignore dealing between connected entities and affiliates). Using aggregated turnover prevents larger businesses from structuring or restructuring their affairs to take advantage of the small business entity concessions.

    You must review your eligibility each year.

    For more information on the aggregation rules, see What are the aggregation rules? on our website or phone the Business Infoline.

    Last modified: 27 Apr 2010QC 21791