Document ID: chunk:federal_register_of_legislation:C2025C00126:clause:3_5:p1
Version: federal_register_of_legislation:C2025C00126
Segment Type: clause
Provision Reference: sch 3 cl 5 (pt 1/12)
Character Range: 852197–854877

5                    Instalment turnover threshold            whether you can elect to pay GST by instalments (see subsection 162‑5(2))

Note 1: The provisions referred to in the table indicate if the issue in relation to the turnover threshold in question is whether the threshold is met, or whether the threshold is not exceeded.
Note 2: Items 3, 4A and 5 of the table apply to you only if you do not carry on a business.
Note 3: This section is an explanatory section.

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.

188‑15  Current GST turnover

General
 (1) Your current GST turnover at a time during a particular month is the sum of the *values of all the supplies that you have made, or are likely to make, during the 12 months ending at the end of that month, other than:
 (a) supplies that are *input taxed; or
 (b) supplies that are not for *consideration (and are not *taxable supplies under section 72‑5); or
 (c) supplies that are not made in connection with an *enterprise that you *carry on.

Members of GST groups
 (2) If you are a *member of a *GST group, your current GST turnover at a time during a particular month is the sum of the *values of all the supplies that you or any other member of the group have made, or are likely to make, during the 12 months, other than:
 (a) supplies made from one member of the group to another member of the group; or
 (b) supplies that are *input taxed; or
 (c) supplies that are not for *consideration (and are not *taxable supplies under section 72‑5); or
 (d) supplies that are not made in connection with an *enterprise that you *carry on.

Supplies