Document ID: chunk:federal_register_of_legislation:F2025C00036:reg:43aaa
Version: federal_register_of_legislation:F2025C00036
Segment Type: reg
Provision Reference: reg 43AAA
Character Range: 364534–365452

43AAA  Meaning of turnover and when turnover is of low value
 (1) For this Division (other than Subdivision 3) and subject to regulation 43AABB, a person's turnover of therapeutic goods for a financial year is of low value if the turnover is $0.
 (2) For this Division (other than Subdivision 3) and subject to regulation 43AABB:
 (a) a person's turnover of therapeutic goods for a financial year commencing on or after 1 July 2015 is the gross amount (in dollars) received (excluding GST) from sales (whether direct or indirect) of the goods in Australia by the person for the financial year; and
 (b) a person's turnover of therapeutic goods (other than a biological) for a financial year commencing before 1 July 2015 is the person's turnover, as defined by regulation 43AAB of these Regulations as in force immediately before 1 July 2015, for the goods.

Subdivision 1A—Time for payment of certain annual charges