Exemption for entities with an ABN that Exemption for entities with an ABN that supply a cleaning service

Exemption for entities with an ABN that supply a cleaning service

1. Where section 396-55 requires an entity to prepare and give a report for a transaction that is described in item 11 of the table in that section and that happens during a reporting period, the entity is not so required if:

(a) the total value of the consideration that:

(i) is received by the entity during the reporting period; and

(ii) relates to the supply by the entity, including by a contractor or subcontractor on behalf of the entity, of a cleaning service;

is less than 10% of the entity’s relevant GST turnover as at the end of the reporting period; and

(b) the transaction is not described in another item of the table in section 396-55; and

(c) the entity has not, before the time by which section 396‑55 requires the report to be given, or within such further time allowed by the Commissioner, chosen to be required to prepare and give a report for the transaction.

2. For paragraph 1(c), an entity giving a report for the transaction is sufficient evidence of the making of the choice.