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James Millar
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You need to prepare and lodge your personal income tax return which will contain a business schedule.

The $20k test is one element of the non commercial loss provisions. It does not differentiate business versus hobby for general assessment purposes. If you’ve made a profit then these will not apply (provided no previous carry forward non commercial losses)

Considering you have elected to register an Australian BUSINESS number then you would have a hard time contending this was a hobby for income tax purposes. You can’t have it both ways.

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