A NEW TAX SYSTEM (GOODS AND SERVICES TAX) ACT 1999 - SECT 63.25 Registration turnover threshold for non - profit sub - entities
A NEW TAX SYSTEM (GOODS AND SERVICES TAX) ACT 1999 - SECT 63.25
Registration turnover threshold for non - profit sub - entities(1) Subsection 23 - 15(2) applies in relation to a * non - profit sub - entity of an entity (the parent entity ) whether or not the parent entity is a non - profit body.
(2) Regulations made for the purposes of paragraph 23 - 15(2)(b) may:
(a) provide that they apply only to * non - profit sub - entities, or only to other non - profit entities; or
(b) specify one amount for * non - profit sub - entities and a
different amount for other non - profit entities.