Private ruling: Taxable payments reporting - building and construction industry
Published: July 2013
Ruling period: Year ended 30 June 2013
Date scheme commenced: 1 July 2012

Ruling: Q1: Does the company need to report contractor payments for the taxable payments reporting for the building and construction industry? | A1: No.


Relevant legislative provisions: Taxation Administration Act 1953 Section 405-5 | Taxation Administration Regulations 1976 Regulation 64

Reasons for decision: Summary: Are you a business that is primarily in the building and construction industry for the purposes of the 'Taxable payments reporting'? No. Your business activity is the production/manufacture of building products and supplying the finished product to builders or owner builders. You are not involved in the installation of this product. Because 50% or more of your business income is not derived from providing building and construction services, you are not considered to be a business that is primarily in the building and construction industry for the purposes of the 'Taxable payments reporting' obligations. You do not have to report payments to contractors.

Relevant facts: You use the services of a consultant, who is employed to computer design products for your business. | You manufacture building products. | You provide a finished product and sell to builders and owner builders. | You are not involved directly with construction/erection of buildings.