- Proposal to increase GST registration threshold submitted to Parliamentary Budget Office
- Current threshold for businesses is AUD 75000 over the last 12 months
- Current threshold for non-profit organisations is AUD 150000 over the same period
- Proposal suggests raising threshold to AUD 250000 for both businesses and non-profits
- Policy would take effect from 1 July 2025 if adopted
- Aims to reduce administrative burdens for small enterprises and charities
Source: fintua.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
