Document ID: chunk:federal_register_of_legislation:C2010C00262:clause:8_8:p2
Version: federal_register_of_legislation:C2010C00262
Segment Type: clause
Provision Reference: sch 8 cl 8 (pt 2/2)
Character Range: 84973–85657

sum of:
 (a) for taxable supplies (if any) the entity makes during the year in the course of carrying on a business—the value (as defined by section 9‑75 of the GST Act) of the supplies; and
 (b) for other supplies the entity makes during the year in the course of carrying on a business—the prices (as defined by section 9‑75 of the GST Act) of the supplies.

Winding up a business

 (11) Subsections (7) and (8) apply to an entity as if it carried on a business in an income year if:
 (a) in that year the entity was winding up a business it previously carried on; and
 (b) the entity was a small business taxpayer for the income year in which it stopped carrying on that business.