If you are engaging in a part-time activity, there is the question of whether it is a business or a hobby. If you are not sure, use these guidelines to determine if it is considered a business or hobby. For businesses that expect to remain below the threshold, registration is optional. However, a business that decides to register and continues to remain below the threshold amount will be required to report and pay GST.
You must register for GST if:
- your business has a GST turnover of $75,000 or more
- your non-profit organisation has a GST turnover of $150,000 or more
- you provide taxi or limousine travel (including ride-sourcing services like Uber, GoCatch, Didi or OLA) regardless of your GST turnover
- you want to claim fuel tax credits for your business, regardless of your GST turnover
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