Tax Laws Amendment (Small Business) Act 2007 (80 of 2007)
Schedule 2 Amendments relating to GST turnover thresholds
Part 1 Main amendments
A New Tax System (Goods and Services Tax) Act 1999
56 Section 195-1
Insert:
GST turnover :
(a) in relation to meeting a *turnover threshold - has the meaning given by subsection 188-10(1); and
(b) in relation to not exceeding a *turnover threshold - has the meaning given by subsection 188-10(2).
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