Document ID: chunk:federal_register_of_legislation:C2025C00126:clause:3_5:p4
Version: federal_register_of_legislation:C2025C00126
Segment Type: clause
Provision Reference: sch 3 cl 5 (pt 4/12)
Character Range: 859394–862090

to make and that relates to that supply.

188‑25  Transfer of capital assets, and termination etc. of enterprise, to be disregarded
  In working out your *projected GST turnover, disregard:
 (a) any supply made, or likely to be made, by you by way of transfer of ownership of a capital asset of yours; and
 (b) any supply made, or likely to be made, by you solely as a consequence of:
 (i) ceasing to carry on an *enterprise; or
 (ii) substantially and permanently reducing the size or scale of an enterprise.

188‑30  The value of non‑taxable supplies
  For the purposes only of this Division, the value of a supply that is not a *taxable supply is taken to be 11/10 of what would be the *value of the supply if it were a taxable supply.
For the basic rules on the value of taxable supplies, see Subdivision 9‑C.

188‑32  The value of gambling supplies
  For the purposes only of this Division, the value of all the *gambling supplies that an entity makes during a particular period is taken to be an amount equal to 11 times:
 (a) the entity's *global GST amount for that period; or
 (b) if that period is not a tax period—what would have been the entity's global GST amount for the period if that period had been a tax period.

188‑35  The value of loans
  To the extent that a supply is constituted by a loan of *money or *digital currency, any repayment of the principal, and any obligation to repay the principal, is to be disregarded in working out the value of the supply.

188‑40  Supplies of employee services by overseas entities to be disregarded for the registration turnover threshold
 (1) In working out a *non‑resident's *current GST turnover or *projected GST turnover in order to determine whether it meets the *registration turnover threshold, if:
 (a) the non‑resident makes a supply of the services of an employee of the non‑resident; and
 (b) the *recipient of the supply is the non‑resident's *100% subsidiary; and
 (c) the services that the employee performs for the recipient are performed in the indirect tax zone;
disregard the supply to the extent that the payments that the non‑resident makes to the employee for performing those services would, if they were made by the recipient, be *withholding payments.
 (2) This section does not affect how to work out any *turnover threshold other than the *registration turnover threshold.

Division 189—Exceeding the financial acquisitions threshold

189‑1  What this Division is about
      You can be entitled to input tax credits for your acquisitions relating to financial supplies (even though financial supplies are input taxed) if you do not exceed the financial acquisitions threshold.

189‑5  Exceeding the financial