Has produced this information
https://royletsblog.online/wp-content/uploads/2023/08/LETS-BrochureFULL.pdf
1) It contains an elegant explanation of LETS, processes benefits and risks
2) Some opinions about Centelink’s attitude
BV_LETS BrochureFULL.pdf page 8
“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.”
3) some information about what the ATO needs
(nothing that affects most of us)
I have downloaded the taxation ruling from see
https://www.ato.gov.au/law/view.htm?locid=%27GST/GSTR200314/NAT/ATO
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