EXPOSURE DRAFT EXPLANATORY MATERIALS

Enterprise has the same broad meaning as in the A New Tax System (Goods and Services Tax) Act 1999. An entity will be undertaking an enterprise if, for example, it carries on a business (or in the form of a business), offers real property for rent, is a charity, political party (or candidate) or other recipient of gifts that are deductible for income tax, operates a superannuation fund or is ... ................
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