Queensland Consolidated Acts

RETAIL SHOP LEASES ACT 1994 - SECT 9

9 Meaning of turnover

(1)
"Turnover" of a business carried on in a leased shop is the gross sales of the business for any particular period.

(2) However,
"turnover" of a business carried on in a leased shop does not include the following amounts—

(a) the net amount of discounts reasonably and properly allowed to customers in the usual course of business;

(b) losses incurred in the resale or disposal of goods reasonably and properly purchased from customers as trade-ins in the usual course of business;

(c) amounts of uncollected credit accounts written off by the lessee;

(d) cash or credit refunds allowed on sales that have previously been included as gross receipts if the goods sold are returned and the sales cancelled;

(e) fees for services refunded in whole or part if the fees have previously been included as gross receipts;

(f) amounts of instalments refunded to customers for cancelled lay-by transactions;

(g) taxes, including GST, imposed on the purchase price or cost of hire of goods or services at the point of sale or hire;

(h) delivery charges;

(i) the value of goods exchanged between 2 or more of the lessee’s shops if the exchange is made solely for the convenient conduct of the lessee’s business and not for concluding a sale made at or from the leased shop;

(j) the value of goods returned to shippers, wholesalers or manufacturers;

(k) amounts received from the sale of the lessee’s fixtures and fittings from the leased shop;

(l) amounts received from sales made on a commission basis (other than commission on the sales).

Examples of sales made on a commission basis—

lottery sales, postage stamp sales, public transport ticket sales, telephone card sales