The ATO has clear guidelines on this issue.
Gambling alone, is not taxable unless you rent premises and / or employ staff.
There are various other criteria, such as do you keep records, do you employ bespoke software, do you have expenses etc.
It all has to combine to become taxable.
They won't even look at you, unless you are winning very large sums, then it get reported to AUSTRAC, and referred to the ATO.
Never register a company or business name, if all you do is professional gambling. The ATO will start asking questions.
Everything is linked these days, and I mean everything!
I applied for a temporary disability payment when I got injured this year and the wrath of God came down upon me. I was getting please explain from all sorts of Federal, Local and other Departments. Departments, that have nothing to do with my income!
I felt like Neo
