Document ID: chunk:federal_register_of_legislation:C2025C00126:section:3
Version: federal_register_of_legislation:C2025C00126
Segment Type: section
Provision Reference: s 3
Character Range: 117804–119993

3                           Sale of freehold interests etc.                                                              Division 75

Part 2‑5—Registration

Division 23—Who is required to be registered and who may be registered

23‑1  Explanation of Division
  This diagram shows when you are required to be, and when you may, be registered.

Note: This section is an explanatory section.

23‑5  Who is required to be registered
  You are required to be registered under this Act if:
 (a) you are *carrying on an *enterprise; and
 (b) your *GST turnover meets the *registration turnover threshold.
Note: It is the entity that carries on the enterprise that is required to be registered (and not the enterprise).

23‑10  Who may be registered
 (1) You may be *registered under this Act if you are carrying on an *enterprise (whether or not your *GST turnover is at, above or below the *registration turnover threshold).
 (2) You may be *registered under this Act if you intend to carry on an *enterprise from a particular date.

23‑15  The registration turnover threshold
 (1) Your registration turnover threshold (unless you are a non‑profit body) is:
 (a) $50,000; or
 (b) such higher amount as the regulations specify.
 (2) Your registration turnover threshold if you are a non‑profit body is:
 (a) $100,000; or
 (b) such higher amount as the regulations specify.

23‑20  Not registered for 4 years
  Despite section 23‑5, you are treated as not having been *required to be registered under this Act on a day if your *registration could not take effect from that day because of subsection 25‑10(1A).
Note: Subsection 25‑10(1A) provides that the date of effect of your registration must not be a day that occurred more than 4 years before the day of the Commissioner's decision to register you, unless the Commissioner is of the opinion there has been fraud or evasion.

23‑99  Special rules relating to who is required to be registered or who may be registered
  Chapter 4 contains special rules relating to who is *required to be registered, or who may be *registered, as follows:

Checklist of special rules
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