sch.52-sec.5Meaning of eligible business

### sch.52-sec.5 Meaning of eligible business A business is an eligible business if— an entity holds an Australian Business Number for the business; and the business— is registered for GST; and is not operated by a public company within the meaning of the Corporations Act ; and has its headquarters, and operates at premises, in Queensland; and has a total of at least 2, but not more than 199, full-time employees or equivalent full-time employees. For subsection (1) (b) (iv) , the number of equivalent full-time employees of a business is worked out using the formula— where— E means the number of equivalent full-time employees of the business. F means the number of full-time employees of the business. P means the total number of hours worked each week by employees who are not full-time employees. In this section— full time employee , of a business, means an employee of the business who ordinarily works for at least 35 hours each week for the business. sch 52 s 5 ins 2023 SL No. 101 s 3 (sch.52-sec.5-ssec.1) A business is an eligible business if— an entity holds an Australian Business Number for the business; and the business— is registered for GST; and is not operated by a public company within the meaning of the Corporations Act ; and has its headquarters, and operates at premises, in Queensland; and has a total of at least 2, but not more than 199, full-time employees or equivalent full-time employees. (sch.52-sec.5-ssec.2) For subsection (1) (b) (iv) , the number of equivalent full-time employees of a business is worked out using the formula— where— E means the number of equivalent full-time employees of the business. F means the number of full-time employees of the business. P means the total number of hours worked each week by employees who are not full-time employees. (sch.52-sec.5-ssec.3) In this section— full time employee , of a business, means an employee of the business who ordinarily works for at least 35 hours each week for the business. - (a) an entity holds an Australian Business Number for the business; and - (b) the business— (i) is registered for GST; and (ii) is not operated by a public company within the meaning of the Corporations Act ; and (iii) has its headquarters, and operates at premises, in Queensland; and (iv) has a total of at least 2, but not more than 199, full-time employees or equivalent full-time employees. - (i) is registered for GST; and - (ii) is not operated by a public company within the meaning of the Corporations Act ; and - (iii) has its headquarters, and operates at premises, in Queensland; and - (iv) has a total of at least 2, but not more than 199, full-time employees or equivalent full-time employees. - (i) is registered for GST; and - (ii) is not operated by a public company within the meaning of the Corporations Act ; and - (iii) has its headquarters, and operates at premises, in Queensland; and - (iv) has a total of at least 2, but not more than 199, full-time employees or equivalent full-time employees.