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Tuesday, 25 November 1986
Page: 3707

(Question No. 4127)


Mr Reith asked the Treasurer, upon notice, on 27 May 1986:

(1) Are pony clubs, aero clubs and other clubs in the fields of aerobatics, autocycling, driving, equestrian, carting, motor sports, polocrosse, power boats and rodeos liable for income tax?

(2) What income tax revenue (a) was received from each of these club categories in the years 1983-84 and 1984-85 and (b) is estimated to come from these sources in 1985-86 and 1986-87?

(3) Is the Government considering exempting such clubs from the requirements to pay income tax?


Mr Keating —The answer to the honourable member's question is as follows:

(1) Yes. However, they are taxable only on their income from investments, rents and from trading with non-members and, as `non-profit' companies, they are subject to tax only if the taxable income exceeds $416. Receipts from members, whether by way of subscriptions or donations are not treated as assessable income.

(2) (a) Income tax statistics of the amount of revenue received from each of these club categories in the years 1983-84 and 1984-85 are not available; (b) Based on income tax statistics of non-profit companies coded to sport and recreation the revenue from these clubs is estimated in the aggregate to be less than $0.5m in each of 1985-86 and 1986-87.

(3) No.