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Old 13-09-2011, 09:03 AM
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When I've looked into it, giving or getting outside sponsorship seems a pita taxation wise. Mainly why most sponsorship deals are by the car owners company or for services.

Just have a think about it, as the last thing you want is to get sponsorship kesh and then have Mr ATO come take it away. I also can't see a company handing over say $5k cash without receiving a tax invoice in return.

One of the accountant fellows could chime in on this I guess.
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