A New Tax System (Goods and Services Tax) Act 1999

Chapter 6 - Interpreting this Act  

Part 6-2 - Meaning of some important concepts  

Division 188 - Meaning of GST turnover  

188-10   Whether your GST turnover meets, or does not exceed, a turnover threshold  

(1)  


You have a GST turnover that meets a particular * turnover threshold if:


(a) your * current GST turnover is at or above the turnover threshold, and the Commissioner is not satisfied that your * projected GST turnover is below the turnover threshold; or


(b) your projected GST turnover is at or above the turnover threshold.

(2)  


You have a GST turnover that does not exceed a particular * turnover threshold if:


(a) your * current GST turnover is at or below the turnover threshold, and the Commissioner is not satisfied that your * projected GST turnover is above the turnover threshold; or


(b) your projected GST turnover is at or below the turnover threshold.

(3)  
Each of these is a turnover threshold :


(aaa) the * annual apportionment turnover threshold ;


(aa) the * cash accounting turnover threshold ;


(a) the * electronic lodgment turnover threshold ;


(ab) the * instalment turnover threshold ;


(b) the * registration turnover threshold ;


(ba) the * small enterprise turnover threshold ;


(c) the * tax period turnover threshold .


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