Document ID: chunk:federal_register_of_legislation:F2023L00785:reg:4
Version: federal_register_of_legislation:F2023L00785
Segment Type: reg
Provision Reference: reg 4
Character Range: 7315–9113

4  Definitions
           Note: A number of expressions used in this instrument are defined in the GST Act, including the following:
             (a) government entity;
             (b) government related entity;
             (c) GST group;
             (d) GST joint venture;
             (e) GST turnover;
             (f) joint venture operator;
             (g) recipient created tax invoice;
             (h) taxable supply;
             (i) tax period turnover threshold;
             (j) value.
  In this instrument:
GST Act means the A New Tax System (Goods and Services Tax) Act 1999.
business entity means an entity that carries on an enterprise and is registered for goods and services tax (GST).
large business entity means a business entity that:
            (a) meets the large business entity turnover condition;
            (b) is a member of a GST group that includes a member that meets the large business entity turnover condition;
            (c) satisfies the membership requirements of a GST group, where the GST group includes a member that meets the large business entity turnover condition;
            (d) would satisfy the membership requirements of a proposed GST group, where the proposed GST group would include a member that meets the large business entity turnover condition; or
            (e) is a joint venture operator of a GST joint venture, where either the joint venture operator or a participant of the GST joint venture meets the large business entity turnover condition.
large business entity turnover condition is that an entity's GST turnover, disregarding the operation of paragraphs 188-15(1)(a), 188‑15(2)(b), 188-20(1)(a) and 188‑20(2)(b) of the GST Act, is at or above the tax period turnover threshold.
RCTI means a recipient created tax invoice.