An enterprise includes a business as well as:
- commercial activities
- activities of entities such as charities
- deductible gift recipients
- religious and government organisations
- certain non-profit organisations.
It doesn’t include:
- private recreational pursuits and hobbies
- activities carried on as an employee, labour-hire worker, director or office holder
- activities carried on by individuals (other than trustees of charitable funds) or partnerships (all or most of the partners are individuals) without a reasonable expectation of profit.
See also:
- MT 2006/1The New Tax System: the meaning of entity carrying on an enterprise for the purposes of entitlement to an Australian business number
