RE: [DNS] Personal name registration

RE: [DNS] Personal name registration

From: Lindsay Robinson <lindsay§brightandnoisy.com>
Date: Fri, 16 Aug 2002 15:05:54 +1000
Quote from the ATO Website
(http://www.ato.gov.au/content.asp?doc=/content/Businesses/13285.htm&bn=
AS/BS/OB/OB01/A )

When will a business need to have an ABN?
Applying for an ABN is not compulsory. However, if you are required to
register for GST, you will need to apply for an ABN as well. This can be
done on the same form. If you are not required to register for GST, you
can still apply for an ABN. 

If you are carrying on an enterprise, you need an ABN and GST
registration in order to claim GST credits for any GST you have paid for
goods and/or services you have used in your business. If you are
supplying goods or services, you will need to be able to quote an ABN so
that others businesses do not withhold tax at the top marginal rate when
they pay you.

All businesses with an annual turnover of $50 000 or more must register
for GST (though, there are special rules for taxi drivers) and will need
an ABN to do this. Organisations with a lower annual turnover may choose
to register. 

All non-profit organisations with an annual turnover of $100 000 or more
must register for GST and therefore need an ABN. Also businesses that
need to be endorsed as a gift deductible recipient or an income tax
exempt charity, or both, require an ABN.


Lindsay

-----Original Message-----
From: Chris Disspain [mailto:ceo&#167;auda.org.au] 
Sent: Friday, 16 August 2002 2:58 PM
To: dns&#167;lists.auda.org.au
Subject: RE: [DNS] Personal name registration

Lindsay is correct (at least according to the ATO). If you are carrying
on a business you must have an ABN. You do not have to register for GST
purposes unless you earn more than 50K p.a. If you are not registered
for GST you must still quote your ABN on your invoice otherwise the
customer is supposed to withhold 48%.

Thee confusion is that most people think that the ABN is tied up with
GST. It isn't. You have to have an ABN if you are in business
irrespective of whether you are registered for GST.

Regards,

Chris Disspain
CEO - auDA
ceo&#167;auda.org.au
www.auda.org.au


-----Original Message-----
From: Lindsay Robinson [mailto:lindsay&#167;brightandnoisy.com] 
Sent: Friday, 16 August 2002 12:57
To: dns&#167;lists.auda.org.au
Subject: RE: [DNS] Personal name registration

I believe so yes Rod, I believe that anyone who runs a business needs an
abn unless it is a hobby(then it is not classed as a business) otherwise
40% or something needs to be withheld on payment. The over $50,000 is
for registration for GST. I only earn a few thousand a year but I still
have an ABN.


Lindsay

-----Original Message-----
From: Rod Keys [mailto:rod&#167;ddns.com.au] 
Sent: Friday, 16 August 2002 12:50 PM
To: dns&#167;lists.auda.org.au
Subject: Re: [DNS] Personal name registration

doesn't everyone going into business be it sole trader or what ever need
to
register a ABN?
----- Original Message -----
From: "Cooke, Tony" <tony.cooke&#167;deacons.com.au>
To: <dns&#167;lists.auda.org.au>
Sent: Friday, August 16, 2002 12:46 PM
Subject: RE: [DNS] Personal name registration


> No contradiction!  The Policy is clear that as a sole trader (even
without
> registered business name) he is eligible.  See Schedule C - 1.c).
>
> The problem is the application forms for most (not sure if it's all)
> Resellers and Registrars require an ACN, Business Name Registration
Number,
> Association Incorporation number or Trade Mark Registration or
Application
> number (some even require another number with the TM number).
>
> There is no basis in the policy for insisting on an ABN for
applications
> under 1.c) nor for any other number when relying on 1.c), e) or f).
There
> is no requirement in the Policy that sole traders must either earn
over
> $50,000 or elect to have an ABN.  The web forms, simply do not
correspond
to
> the stated Policy.
>
> Tony Cooke
> Senior Associate
> Deacons
> Level 24
> 385 Bourke Street
> Melbourne VIC 3000
> Direct +61 3 8686 6678
> Fax +61 3 8686 6505
> Email tony.cooke&#167;deacons.com.au
> Website www.deacons.com.au
>
>
> > -----Original Message-----
> > From: Matthew King [mailto:mking&#167;cinfo.com.au]
> > Sent: Friday, 16 August 2002 10:51 AM
> > To: dns&#167;auda.org.au
> > Subject: [DNS] Personal name registration
> >
> >
> > What is the latest on registering a .com.au under personal names?
> >
> > I have a client who is an artist (and thus trades under his own
name)
> > who wants his commercial domain to match his name.
> >
> > The NSW dept. of fair trade says "You can conduct business in NSW
> > under your own name without registering a business name, provided
you
> > don't change or add anything to your name. " what is the latest on
> > this issue as per AUDA SCHEDULE C ELIGIBILITY AND ALLOCATION RULES
> > FOR COM.AU
> >
> > There seems to be a contradiction there..
> >
> > Matt King
> >
> >
> > --------------------------------------------------------------
> > -------------
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> > Please do not retransmit articles on this list without
> > permission of the
> > author, further information at the above URL.  (354 subscribers.)
> >
>
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Received on Fri Oct 03 2003 - 00:00:00 UTC

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