@thecatspjs wrote:

Lanes if you sell over $10K it does not automatically mean you are a business that is selling for profit.

 

People buy and sell personal items such as cars and other items over $10K frequently. 


Poster stated they were selling as a hobby, not disposing of personal items

 

This raises another issue if you are selling personal items (eg the family car or other household items), then you need to keep records to show this as your stated business income will differ from Ebays reported ones.

 

ATO have no idea what, or why, you are selling things, so you need records to show. They will have their own allowances as to what to accept they will accept personal items.

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ASSUMPTION IS THE MOTHER OF ALL STUFF UPS!!