| Disclaimer You cannot rely on this record in your tax affairs. It is not binding and provides you with no protection (including from any underpaid tax, penalty or interest). In addition, this record is not an authority for the purposes of establishing a reasonably arguable position for you to apply to your own circumstances. For more information on the status of edited versions of private advice and reasons we publish them, see PS LA 2008/4. |
Edited version of private advice
Authorisation Number: 1051873168850
Date of advice: 26 July 2021
Ruling
Subject: GST and carrying on an enterprise
Question
Is the unit trust eligible to be registered for GST (specifically considering whether its activities sufficiently amount to carrying on an enterprise) under subsection 23-10(1) of A New Tax System (Goods and Services Tax) Act 1999 (GST Act)?
Answer
Yes.
Relevant facts and circumstances
The ruling relates to business activities that are carried on by very few stakeholders. Inclusion of the goods and services, and the facts could have led to identification of the taxpayer.
Relevant legislative provisions
A New Tax System (Goods and Services Tax) Act 1999 section 9-10
A New Tax System (Goods and Services Tax) Act 1999 section 9-20
A New Tax System (Goods and Services Tax) Act 1999 subsection 23-10(1)
A New Tax System (Goods and Services Tax) Act 1999 section 184
A New Tax System (Australian Business Number) Act 1999 section 5