Document ID: chunk:federal_register_of_legislation:C2006A00131:clause:9_7
Version: federal_register_of_legislation:C2006A00131
Segment Type: clause
Provision Reference: sch 9 cl 7
Character Range: 158424–159381

7  At the end of section 76
Add:

Annual turnover

 (5) For the purposes of this section, the annual turnover of a body corporate, during the turnover period, is the sum of the values of all the supplies that the body corporate, and any body corporate related to the body corporate, have made, or are likely to make, during that period, other than:
 (a) supplies made from any of those bodies corporate to any other of those bodies corporate; or
 (b) supplies that are input taxed; or
 (c) supplies that are not for consideration (and are not taxable supplies under section 72‑5 of the A New Tax System (Goods and Services Tax) Act 1999); or
 (d) supplies that are not made in connection with an enterprise that the body corporate carries on; or
 (e) supplies that are not connected with Australia.

 (6) Expressions used in subsection (5) that are also used in the A New Tax System (Goods and Services Tax) Act 1999 have the same meaning as in that Act.