Aggregated turnover: Commissioner discretion
The ATO has recently released a Taxation Determination to provide guidance on two specific issues of control in relation to the aggregated turnover test and when the Commissioner of Taxation can exercise discretion. The aggregated turnover threshold for being a small business entity was originally less than $2m; however, that threshold was increased to less than $10m during the COVID-19 pandemic. This means that the issue of connected entities and control has taken on a new significance for businesses that want to remain under the threshold and access various small business concessions.
