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Don't forget 10% eligible income test
To satisfy this test, 10% or more of your total income must come from either or a combination of:
employment-related activities
carrying on a business.
These are eligible income amounts.
For this test, your total income is not reduced by your allowable business deductions. This is to ensure self-employed individuals are not disadvantaged if they have low income or low profit margins in a financial year.
https://www.ato.gov.au/individua ... 0eligibleincometest |
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