Goods and Services Tax Advice


Goods and services tax: Are investors (participants) in an agricultural managed investment scheme required to register for GST?

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Notice of Withdrawal

Goods and Services Tax Advice GSTA TPP 001 is withdrawn with effect from today.

1. GSTA TPP 001 stated that an individual investor is required to be registered for GST if they are carrying on an enterprise and meet the GST registration turnover threshold.

2. GSTA TPP 001 is withdrawn because the Commissioner's views regarding the concept of carrying on an enterprise are contained in paragraphs 120 to 148 of Miscellaneous Taxation Ruling MT 2006/1 The New Tax System: the meaning of entity carrying on an enterprise for the purposes of entitlement to an Australian Business Number and paragraphs 6 to 18 of Goods and Services Tax Determination GSTD 2006/6 Goods and services tax: does MT 2006/1 have equal application to the meaning of 'entity' and 'enterprise' for the purposes of the A New Tax System (Goods and Services Tax) Act 1999?

3. The Commissioner's views regarding working out an entity's GST turnover is contained in Goods and Services Tax Ruling GSTR 2001/7 Goods and services tax: meaning of GST turnover, including the effect of section 188 25 on projected GST turnover.

4. Additionally, the GST turnover threshold mentioned in the GSTA is no longer current.

Commissioner of Taxation
18 June 2014


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Not previously issued as a draft


ATO references:
NO 1-573JVPC

ISSN: 1833-0053

Related Rulings/Determinations:

TR 97/11
TR 2000/8
TR 2006/10

Subject References:
carrying on an enterprise
GST turnover threshold
required to be registered

Legislative References:
ANTS(GST)A 1999 23-5
ANTS(GST)A 1999 23-15(1)
TAA 1953 Sch 1 Div 358

GSTA TPP 001W history
  Date: Version: Change:
  14 June 2005 Original ruling  
  31 October 2012 Consolidated ruling Addendum
You are here 18 June 2014 Withdrawn