are cfd gains considered taxable, page-34

re: gst registration Moneybags

it is contained in Sec188-15 of the act

A New Tax System (Goods and Services Tax) Act 1999



Chapter 6 - Interpreting this Act



Part 6-2 - Meaning of some important concepts



Division 188 - Meaning of annual turnover
188-15 Current annual turnover



General




(1) Your current annual turnover at a time during a particular month is the sum of the *values of all the supplies that you have made, or are likely to make, during the 12 months ending at the end of that month, other than:


(a) supplies that are *input taxed; or


(b) supplies that are not for *consideration (and are not *taxable supplies under section 72-5); or


(c) supplies that are not made in connection with an *enterprise that you *carry on.

Members of GST groups




(2) If you are a *member of a *GST group, your current annual turnover at a time during a particular month is the sum of the *values of all the supplies that you or any other member of the group have made, or are likely to make, during the 12 months, other than:


(a) supplies made from one member of the group to another member of the group; or


(b) supplies that are *input taxed; or


(c) supplies that are not for *consideration (and are not *taxable supplies under section 72-5); or


(d) supplies that are not made in connection with an *enterprise that you *carry on.

Supplies that are disregarded

View History


(3) In working out your current annual turnover, disregard:


(a) any supply that is not *connected with Australia; and


(b) any supply that is connected with Australia because of paragraph 9-25(5)(c); and


(c) any supply (other than a supply covered by paragraph (a) or (b)):

(i) of a right or option to use *commercial accommodation in Australia; and

(ii) that is not made in Australia; and

(iii) that is made through an *enterprise that the supplier does not *carry on in Australia.

http://law.ato.gov.au/atolaw/view.htm?locid='PAC/19990055/188-15'#188-15(1)(a)