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 .