Kym Mogridge writes:

Has produced this information

1) It contains an elegant explanation of LETS, processes benefits and risks

2) Some opinions about Centelink’s attitude

“Centrelink supports the idea of non-profit community trading systems and exempts all LETSystem income from declaration, i.e.: it will not affect any benefit of pension. However you should not allow LETSystem trading to interfere with your obligations to be available for work or training programs.”

BV_LETS BrochureFULL.pdf page 8

3) some information about what the ATO needs
(nothing that affects most of us)

I have downloaded the taxation ruling from see

4) and there is reassurance for most of us that there are no GST implications.

5) I think that I am specifically running a hobby business

so the government doesn’t want to know

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