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12/06/2018 at 11:11 am
#29735
@Lady Penelope said:
This PDF from the ATO may be helpful (though complicated – if you are not
A more user friendly information source from Strataman is here:
I believe that some of that information is now out out date.
A more recent ruling by the ATO has deemed at all strata body corporates are in fact “for profit” organisations and so do not qualify for the $150,000 GST threshold.
So if a strata scheme raised $4,000/year in levies per lot, even a 19 lot scheme would exceed the $75,000 GST threshold limit.