• Supporting document requirements for objections

    This page lists the documents and information we usually need to process objections about the subject displayed.

    Attention

    Please send the documents and information listed with your objection form.
    Disregard the documents and information on this page that you have previously provided.

    End of attention

    Are you carrying on a business?

    • When your activity commenced.
    • A description of your activity.
    • A copy of your business plan.
    • A copy of profit and loss statements (that is, income and expenses).
    • Projected profit and loss statements showing how you intend to make a profit from your activity.
    • Details of equipment and facilities you use in your activity (including depreciation schedules).
    • The records you keep in respect of your activity.
    • Any qualifications or expertise you possess in respect of your activity.
    • Details of any relevant organisations you are a member of. (Include any relevant publications you subscribe to).
    • Any professional or expert advice you have sought in setting up or conducting your activity.
    • Copies of any relevant licences, government approvals or planning permits you have obtained or applied for.
    • Your main clientele (for example, general public, friends or workmates)
    • How you advertise your products or services.
    • How much time you spend on this activity each week.
    • Whether you are engaged in employment or another business activity and the amount of time you spend on these activities each week.

    More Information

    The information you provide will help us address the business indicators at paragraph 13 of Taxation Ruling TR 1997/11. You may wish to provide your comments regarding these indicators with your application. Detailed information about each indicator is contained later in the ruling.

    If your activity is one of share trading or other share market activity, please also provide the following information and documents.

    • A description of you trading strategy and why you expect it will result in a profit.
    • A copy of you trading transactions for the relevant period.
    • Details of the amount of capital you have had invested at different times (giving an indication of the maximum and minimum amounts).
    • The amount of capital you have available and the sources of your capital.
    • information you provide will help us address the business indicators at paragraph 13 of Taxation Ruling TR 97/11. You may wish to provide additional comments regarding these indicators and read the more detailed comment on each indicator contained later in the ruling.

    More Information

    Further information for share market activities is available in the Carrying on a business of share trading - fact sheet

      Last modified: 12 Sep 2006QC 19016