A New Tax System (Goods and Services Tax) Act 1999
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View history noteDiv 188 (heading) substituted by No 80 of 2007, s 3 and Sch 2 item 35, applicable to net amount for tax periods starting on or after 1 July 2007. The heading formerly read:
Division 188 - Meaning of annual turnover
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.
S 188-10(1) amended by No 80 of 2007, s 3 and Sch 2 items 39 and 40, by substituting " a GST turnover " for " an annual turnover " and substituting " GST turnover " for " annual turnover " (wherever occurring) in paras (a) and (b), applicable in relation to net amounts for tax periods starting on or after 1 July 2007.
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.
S 188-10(2) amended by No 80 of 2007, s 3 and Sch 2 items 41 and 42, by substituting " a GST turnover " for " an annual turnover " and substituting " GST turnover " for " annual turnover " (wherever occurring) in paras (a) and (b), applicable in relation to net amounts for tax periods starting on or after 1 July 2007.
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 .
S 188-10(3) amended by No 112 of 2007, s 3 and Sch 1 item 15, by inserting para (ba), applicable in relation to net amounts for tax periods starting on or after 1 July 2007.
S 188-10(3) amended by No 134 of 2004, s 3 and Sch 2 item 18, by inserting para (aaa), applicable in relation to net amounts for tax periods starting, or that started, on or after:
S 188-10(3) amended by No 73 of 2001, s 3 and Sch 1 items 31 and 32, by relettering para (a) (first occurring) as para (aa), and inserting para (ab) before para (b), applicable in relation to net amounts for tax periods starting, or that started, on or after 1 July 2000.
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