Which should be paying income tax as no longer tax exempt an not sufficient connection with competitive sport.
Just because it is club does not mean it is tax exempt.
It is about the connection with the sport.
Powerboating is not a competitive sport by the way.
Notwithstanding it a cracker spring day in my part of the world, being a nerd and working away, which included reading some Australian Tax Office Rulings I can across TR 2022/2.
Concerns income tax and sporting clubs.
Draft Ruling for comment came out November 2021 and Final Ruling release on...
You can’t say that, there no doubt there is some fuckwit at AS who has the job to read the social media and “interpret the meaningful outcomes to progress the organisational vision consistent with the strategic plan”
Did not need too, had all the savings from not dealing the GRS and AS.
Club affiliation fees x 4 so there was 3 tanks of 98 octane
No IRC renewal so another 4 tanks there
No keel inspection fee so another 3 tanks there
No radio inspection fee so 1/2 tank
No AS safety gear and inspection about 10...
Actually I went with the GLC c 63 AMG three weeks ago.
Just enough room for the clubs.
The tension between my licence and the 603hp bi-turbo V8 is more of a challenge though.
But had I brought a Tp52 instead of the car, would GRS want to speak to me I wonder?
Funnily enough I have the renewal for that Association on my desk at the moment.
Out of the 12 original members only 2 are still racing under the AS regime.
6 of the 12 have sold their race boats and another 4 race boats are tied to the dock and not been raced.
These are owners with literally...