Economically Significant Enterprise

Topics

Concept

Name
Economically Significant Enterprise
Label
Economically Significant Enterprise
Description

An enterprise which meets at least one of the following criteria:

  • has greater than $30,000 annual GST expenses or sales;
  • has RME greater than three (see below for a definition of RME)
  • is in a GST-exempt industry except residential property leasing and rental;
  • is part of a group of enterprises;
  • is a new GST registration that is compulsory, special or forced (this means the business is expected to exceed the $30,000 boundary.);
  • is registered for GST and is involved in agriculture or forestry.