• Item 15 Licensed clubs only

    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

    'Item 15 Licensed clubs only' label from Company tax return 2010

    Write the percentage (in whole figures) of total income attributable to non-members at A Percentage of non-member income item 15.

    Common errors: percentage shown incorrectly or item left blank

    There are two main errors:

    • showing an incorrect percentage
    • not writing any percentage.

    Consequence of these errors

    Errors in item 15 could lead to:

    • you paying an incorrect amount of tax
    • incorrect targeting of audits.

    Tips

    The percentage of non-member income is the total non-member income divided by the total income, multiplied by 100.

    Attention icon

    The percentage entered at this item differs to the percentage calculated by the Waratahs formula where:

    • total income includes non-member income such as bank interest
    • more than one method of apportionment has been used.
     

    Direction icon

    For an explanation of the Waratahs formula, see Waratahs formula in our guide Mutuality and taxable income.

    Last modified: 20 Jul 2015QC 23095