The off topic thread 6.0

[RPCB]

Nope. $412 for 10 years for adults.

The only two other passports are kids (Under 16 - 5 year passport - $208.00) or pensioner 5 year passport $208.00

Cheers mate.

 

[Zidane98]

Just a holiday in general haha, bloody tough atm, currently working 6 days a week just to keep ahead.

Luckily my wife can work more now and has picked up OT on weekends.

I've made a fair bit off refereeing too.

 

[SM]

Would take a lot of refereeing.

 

[Zidane98]

Would take a lot of refereeing.

I make about 7k a year off refereeing. Could do more but still play veterans and are a club administrator so don't have time.

Up to 18k can be earned as a hobby without being classed as income at all.

 

[Frank Bunn]

I make about 7k a year off refereeing. Could do more but still play veterans and are a club administrator so don't have time.

Up to 18k can be earned as a hobby without being classed as income at all.

There's no limit on income if it's genuinely a hobby. It's more about how regularly you do it. Eg if you occasionally sell a painting for 30k then it's hobby income. Or spend 2 years renovating a car for 50k profit. If you regularly ref 8 games a week for 10k then the ATO might be looking to add that to your personal income. You might be mixing it up with the tax-free threshold ($18,200) which applies to normal personal income.

Anyway, good on you for reffing and helping with your club admin.

 

[SM]

I make about 7k a year off refereeing. Could do more but still play veterans and are a club administrator so don't have time.

Up to 18k can be earned as a hobby without being classed as income at all.

As Frank says, I don't think that's right lol. If it's regularly earned it's income, regardless of it being a 'hobby' or not. I might consider working in a bar a fun hobby because it's infrequent and not my main job but the ATO wouldn't take my word for it.

 

[Jatz]

As Frank says, I don't think that's right lol. If it's regularly earned it's income, regardless of it being a 'hobby' or not. I might consider working in a bar a fun hobby because it's infrequent and not my main job but the ATO wouldn't take my word for it.

I'd come buy a drink from you - got any specialties?

 

[Zidane98]

As Frank says, I don't think that's right lol. If it's regularly earned it's income, regardless of it being a 'hobby' or not. I might consider working in a bar a fun hobby because it's infrequent and not my main job but the ATO wouldn't take my word for it.

From ATO: https://www.ato.gov.au/forms-and-in...uctions/general-information/hobby-or-business

• has actually started
• has a significant commercial purpose or character
• is undertaken with a purpose of profit as well as a prospect of profit
• is carried out in a manner that is characteristic of the industry
• has repetition, regularity or continuity
• is planned, organised and carried on in a business-like manner
• is of a sufficient size, scale and permanency to generate a profit
• is not more properly described as a hobby, recreation or sporting activity

Clearly refereeing at community sport level is a not for profit operation. Community soccer also is noy carried out in a commercial manner. The main purpose I referee for is to help run the sport - payment is an added bonus.


It does not appear there is a set threshold anymore though. That was the case in the past but I cannot find anything in ATO that says there is a set figure any longer.

 

[SM]

From ATO: https://www.ato.gov.au/forms-and-in...uctions/general-information/hobby-or-business

• has actually started
• has a significant commercial purpose or character
• is undertaken with a purpose of profit as well as a prospect of profit
• is carried out in a manner that is characteristic of the industry
• has repetition, regularity or continuity
• is planned, organised and carried on in a business-like manner
• is of a sufficient size, scale and permanency to generate a profit
• is not more properly described as a hobby, recreation or sporting activity

Clearly refereeing at community sport level is a not for profit operation. Community soccer also is noy carried out in a commercial manner. The main purpose I referee for is to help run the sport - payment is an added bonus.


It does not appear there is a set threshold anymore though. That was the case in the past but I cannot find anything in ATO that says there is a set figure any longer.

Refereeing is absolutely for profit. You profit from it. The football league may not be a for profit organisation, but your participation as a referee is distinct from that. You have minimal/no costs associated. You do it repeatedly, regularly and with continuity. You've just said you make 7k a year. That's not nothing.

I have also never heard of a threshold in terms of 'hobby income' particularly when I did tax law at Uni 15 years ago. It's about the nature of the income, not some arbitrary threshold.

 

[Planet14]

Zidane is confusing operating a business with personal income. The $18k would apply to, say, a student with no other income.

 

[RPCB]

Refereeing is absolutely for profit. You profit from it. The football league may not be a for profit organisation, but your participation as a referee is distinct from that. You have minimal/no costs associated. You do it repeatedly, regularly and with continuity. You've just said you make 7k a year. That's not nothing.

I have also never heard of a threshold in terms of 'hobby income' particularly when I did tax law at Uni 15 years ago. It's about the nature of the income, not some arbitrary threshold.

I was going to made a joke that your hobby of working “in a bar” was as a barrister.

Now I wish I did.

 

[Zidane98]

Refereeing is absolutely for profit. You profit from it. The football league may not be a for profit organisation, but your participation as a referee is distinct from that. You have minimal/no costs associated. You do it repeatedly, regularly and with continuity. You've just said you make 7k a year. That's not nothing.

I have also never heard of a threshold in terms of 'hobby income' particularly when I did tax law at Uni 15 years ago. It's about the nature of the income, not some arbitrary threshold.

The main reason I referee is so community soccer can operate. The clubs and the competitions I referee in are not for profit organizations' and associations. I am not employed by anyone.


A referee making 2k a week all year round, that's a different scenario. Or those who referee professional matches. They are also actual employees whereas I am not.



Just to give you clarity here is an ATO ruling on it:

https://www.ato.gov.au/law/view/print?DocID=EV%2F1012242373102&PiT=99991231235958

 

[SM]

The main reason I referee is so community soccer can operate. The clubs and the competitions I referee in are not for profit organizations' and associations. I am not employed by anyone.


A referee making 2k a week all year round, that's a different scenario. Or those who referee professional matches. They are also actual employees whereas I am not.



Just to give you clarity here is an ATO ruling on it:

https://www.ato.gov.au/law/view/print?DocID=EV%2F1012242373102&PiT=99991231235958

That's very noble of you to say that's the main reason you do it, but you're still profiting from it.

I note that ruling makes no mention of a threshold either.

 

[Zidane98]

That's very noble of you to say that's the main reason you do it, but you're still profiting from it.

I note that ruling makes no mention of a threshold either.

Of course I do. I'm not throwing away my time for nothing. Like all hobbies you are allowed to make money off it without being assessed as taxable income.


Would be pretty shit if those doing it as a hobby were taxed.

 

[SM]

Of course I do. I'm not throwing away my time for nothing. Like all hobbies you are allowed to make money off it without being assessed as taxable income.


Would be pretty shit if those doing it as a hobby were taxed.

No one said every dollar and cent gets assessed, we were all disagreeing with your assertion that there's a threshold for making money off a hobby lol. It's the nature of the income that matters.