Skip to main content

Your shopping cart is empty

Small business simplification — yet again?


From 1 July 2007 the Tax Laws Amendment (Small Business) Act 2007 introduced a uniform definition of a “small business entity “(SBE)”, based on a turnover test, that applies to standardise access across the tax legislation to those concessions most commonly accessed by small business. This article examines the operation of the new provisions, and the interaction of the new test with the pre-existing criteria for each of the concessions. It concludes that while the simplified test will assist SBEs that clearly fall within the new criteria, the retention of the former criteria as alternatives adds to the complexity of the system overall.

Author profile:

Dr Helen Hodgson CTA
Helen joined Curtin Law School as an Associate Professor in 2014, following 10 years teaching in the Atax programme at UNSW. Helen has a particular interest in tax policy, and was a participant at the 2010 Tax Forum. Her current area of research is the tax-transfer system, but she also researches in superannuation, and the gender impacts of the tax-transfer system. In 2010, Helen was a co-author of the Women's Voices Report commissioned by the Equality Rights Alliance to examine factors influencing women's workforce participation, including superannuation, tax and transfer issues. Helen holds qualifications in accounting, business law and taxation, and is a Fellow of the Australian Society of Certified Practising Accountants. Current at 01 January 2016 Click here to expand/collapse more articles by Helen HODGSON.
Copyright Statement