Where the participant has declared they are not registered for GST, this form is a declaration that their racing interests are of a hobby nature only.
Where the Owner or Entity is GST Registered, the following agreement is given:
The Recipient may issue tax invoices in respect of the specified supplies.
The supplier will not issue tax invoices in respect to those suppliers.
The supplier acknowledges that it is registered when it enters into the agreement and that it will notify the Recipient if it ceases to be registered.
The recipient acknowledges that it is registered when it enters into the agreement and that it will notify the Supplier if it ceases to be registered.