Tax Source

Wiki for Australian Tax Information


Business Loss Activity - Description Of Activity

The main sales goods or services activity from which the business derives most of its income. For not for profit organisations such as charitable organisations and government departments the main income relates to the funding they receive (income) to carry out their functions. For example:

  • internet provider
  • wheat farming
  • beef cattle and wheat farming
  • gravel and sand mining
  • manufacturing steel pipes and tubes
  • selling meat to butchers
  • grocery supermarket.