Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) The Commissioner may determine in writing an arrangement (to be known as a simplified accounting method) that:
(a) specifies the kinds of * retailers to whom it is available and provides a method for working out * net amounts of retailers to whom the method applies; or
(b) specifies the kinds of * small enterprise entities to whom it is available and provides a method for working out * net amounts of small enterprise entities to whom the method applies.
(2) The kinds of * retailer specified under paragraph (1)(a) must all be kinds of retailers that:
(a) sell * food; or
(b) make supplies that are * GST - free under Subdivision 38 - G (Non - commercial activities of charities etc.);
in the course or furtherance of * carrying on their * enterprise.
(3) The kinds of * small enterprise entities specified under paragraph (1)(b) must all be kinds of small enterprise entities that, in the course or furtherance of * carrying on their * enterprises:
(a) make both:
(i) * taxable supplies; and
(ii) supplies that are * GST - free; or
(b) make both:
(i) * creditable acquisitions; and
(ii) acquisitions that are not creditable acquisitions because the supplies, made to the small enterprise entities, to which the acquisitions relate are GST - free.