A one-off Income over $20000 - Do I need an ABN?
Last year we purchased a hobby farm. When we purchased the property, there were 20 head of cattle already on the property and the vendor gave us the option of purchasing these cattle aswell. So we purchased the 20 head and we have just recently sent 7 of these to the meatworks (March 2014). The payment we received from these was approx $8250. We are sending the remaining 13 cattle to the same meatworks at the end of this month (keeping in mind that some of these remaining cattle aren't as big as those sent in the first lot).

