Re:Pin Payments is Australia’s first all-in-one online payme...
by vacri on Friday May 31, 2013 @03:50AM
(#5797385)
From memory, the cutoff is essentially $50k for "seriously, you should register this properly as a business". The tax office doesn't want to chase businesses below this as a ton of them are hobby businesses and things get complex fast. Bigger fish to fry and all that.
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Re:Pin Payments is Australia’s first all-in-one online payme...
by lukevdp on Friday May 31, 2013 @05:50PM
(#5801560)
There is a test to see if something is a business or a "hobby", it isn't a revenue cut odd, its more about the nature of the operation.
The 50k cutoff used to be the threshold for GsT registration, which is now 75k