A Challege !!!

[Pythoninfinite]

I reckon its no ones darn Business what anyone else does, If you got the skill to make a profit out of breeding, i say good on ya.

People on here seem to be to focused on other peoples lives rather than their own.

Ha!!! Too true!

J.

 

[Andrais]

I reckon its no ones darn Business what anyone else does, If you got the skill to make a profit out of breeding, i say good on ya.

People on here seem to be to focused on other peoples lives rather than their own.

thats because their jealous
I dont breed reptiles but i reckon it must be hard if your keeping 50+ snakes/lizards. I take my hat off to those breeders who produce quality animals and find them loving homes.

 

[-Matt-]

I reckon its no ones darn Business what anyone else does, If you got the skill to make a profit out of breeding, i say good on ya.

People on here seem to be to focused on other peoples lives rather than their own.

BANG! Hit the nail on the head!

Smartest post of the thread!

 

[DanTheMan]

No matter what you do in life, if you succeed, people will try to knock you down with their own jelousy. So what if they are in it for the money? Does it matter? I'm confused why people are so quick to bag someone who has done well for themselves, why is this so wrong? Lets all live mediocre lives and struggle to pay the bills.
The majority of things people do is for the money, who here works for love? Can you pay rent with love? I highly doubt anyone that criminally makes money off reptiles, doesn't enjoy what they do. It takes a passion to put in such great efforts to breed large numbers/high end animals.

 

[gozz]

Ive spent over $50,000 and made $2,000 (in 5 years) from sales ,and have givein away
7 adult jungles and bredli this year alone, that i purchased as hatchies, and they cost me
over $3500 to purchase, Iam sure that there are heaps of people in this hobby that has givin
away animals just to promote this incredible hobby , cheers

 

[Boney]

you can make alot of money selling lollies if you sell enough of them . but you have to work for it . like wokka said you got it easy ( had )

but some people where making $5000 - 20,000 on example albino darwins depending on age ect . if you cant make a profit on that ,what are you doing wrong . ? ive done very well over the years selling $300 pythons . if you cant average a number of clutches a year your hardly a breeder . all this stuff about people wanting to get there reptiles for next to nothing ... well very ,very true but for another fact is .i can tell you that the blokes that where getting $5000 + for there pythons each where the first to try and get there rodents for next to nothing . and for a fact there is more work in breeding rodents then pythons . and yes of late ive found there to be a good profit in both . you just have to get things set-up right ... so if you guys couldnt make a profit before .well now the same pythons are going for 40% of what they where you better be going down to centrelink before things get to bad .

 

[JrFear]

i hear what your saying solar!
im no big time breeder!
but most money i make on selling my hatchies makes up for all the food enclosures equipment heat lights vet bills in the long run i prob come out with nothing but the enjoyment of keeping reptiles!

 

[ShadowDragon]

I think there's fundamental flaw in Chondrogreen's ambition as stated here... The definition of a 'hobby' has been quite distorted I think. If a 'hobby' becomes your means of making a living, it probably ceases to be a hobby. I haven't looked up the definition of a 'hobby', but I suspect, even though what you do gives you a lot of 'hobby-like' pleasure, it really ceases to remain a hobby and becomes a business.

Purely from the perspective of the ATO, a hobby becomes a business when you bring in $50,000 a year or more. That being said, we run a "business" that brings in $5,000 a year tops, and maybe $500 of that is actually profit after licenses, insurance and rego are paid for. In that instance it became a business as far as the ATO was concerned as an ABN was needed in order for other businesses to pay for our service. We only started charging for this service to cover the cost of doing it, prior to that it was free.

From a personal perspective, my own opinion is that it ceases being a hobby when; you have no emotional attachment, or interest in the well being of your animals (it's amazing how many keepers don't give a damn, but get very offended when someone points their obvious detachment out to them), you start selling animals because they have no value to you for breeding purposes, your sole aim in breeding is paying for aspects of your life other than upkeep of the animals themselves (again, something most people who do barely aknowledge to themselves), you "don't have enough money" to adequately feed or house the animals you already own, but are still buying animals in the hope that they'll breed, and when you spend inordinate amounts of time fuming over price decreases in animals you've already bred in sufficient quantities to pay for the initial purchase of founder stock and their food.

Gozz, we sell occasionally, but most animals bred are given away. Nice to see there are others out there who don't consider acts of charity or generosity to be somehow taking away from every member of the "hobby" who wish to make money.

 

[solar 17]

$$$$$$$$$

i hear what your saying solar!
im no big time breeder!
but most money i make on selling my hatchies makes up for all the food enclosures equipment heat lights vet bills in the long run i prob come out with nothing but the enjoyment of keeping reptiles!

Exactly right...but some people / person on this thread don't seem to get it...l love doing it but if l didn,t have my career to support my hobby l would be on the st....l am up at 4.30am [7] days a week to feed my rodents [fresh fruit and veg twice daily [l know its over the top but thats me and thats the way l do it] as all my snakes get fresh killed rodents of the highest quality] as l believe no l just love doing it that way as in the long run your herps definately benefit from it....and its a bit sad but l love everything to be spot on and [imo]you cant take shortcuts and expect this result and with thermostats l use habistat and carel now for anybody who's not sure carel's aren,t cheap...... and as has been said each to his own...cheers solar 17 [Baden]

 

[wokka]

Purely from the perspective of the ATO, a hobby becomes a business when you bring in $50,000 a year or more. That being said, we run a "business" that brings in $5,000 a year tops, and maybe $500 of that is actually profit after licenses, insurance and rego are paid for. In that instance it became a business as far as the ATO was concerned as an ABN was needed in order for other businesses to pay for our service. We only started charging for this service to cover the cost of doing it, prior to that it was free.

.

Where does this rule upon when a hobby is a hobby come from? I dont believe the ATO use a threshold for turnover to decide hobby status.

 

[Elapidae1]

You should all think yourselves lucky In WA Im only allowed to sell one clutch per year and that must be brokered through a licensed dealer, some of wich are charging $100+ per transaction or will only buy it themselves at below market value, but our laws are the way they are and good on the license holders who make a living out of it .

 

[ShadowDragon]

Where does this rule upon when a hobby is a hobby come from? I dont believe the ATO use a threshold for turnover to decide hobby status.

According to the information contained in the "Am I In Business" page of the ATO website, there isn't a threshold as such, and each case is determined on an individual basis. However, when seeking information over the phone on the status of our business, we were given a figure of $50,000 as a rule of thumb on not one but three occasions. There were other conditions listed, but the general consensus was that anything more than that amount would be considered a declarable income. Perhaps it's something to do with the fact that at this level, charging GST is deemed to be mandatory rather than a choice by the business owner. Perhaps it's pure coincidence that those figures are the same. No idea, and I don't still have the names of these agents.

 

[Elapidae1]

Where does this rule upon when a hobby is a hobby come from? I dont believe the ATO use a threshold for turnover to decide hobby status.

There is laws that govern the profits from hobbies about 5 years ago you could profit from memory around 4000 dollars then you had to declare an income.

 

[gozz]

As long as you have a principal income
that you live off, and are not livin off your hobby

 

[Ramsayi]

great to see that bush lawyers are alive and well lol

 

[ShadowDragon]

Ahhh Ramsayi, it's a dirty job, but someone's gotta do it lol

Obviously the ATO themselves are the best people to dispense this sort of information, and will know all the ins and outs, I'm not putting myself up as an authority. In truth it was initially just a throwaway comment based on my own experiences a few years ago. I should have remembered that I'd have to back it up and just not bothered :lol:

 

[gunny]

What a stupid thread. Start a debate on the money in reptiles (or lack of). what has been achieved. people like chondrogreen telling the world they are making enormous profits. whats he achieving nothing but fueling people to start keeping reptiles for profit. Lets all try destroy our hobby and passion from the inside great idea.

 

[chondrogreen]

What a stupid thread. Start a debate on the money in reptiles (or lack of). what has been achieved. people like chondrogreen telling the world they are making enormous profits. whats he achieving nothing but fueling people to start keeping reptiles for profit. Lets all try destroy our hobby and passion from the inside great idea.

Sorry, I should lie like the rest of the hobby then?
Is it too late to retract what I said and claim it to be a joke? :lol:

 

[cris]

If you put effort into breeding reptiles for money and know what you are doing, you should make a heap of money(especially if you consider it to be a hobby rather than a job). There are risks such as disease and legality eg. tax issues, albinos, hybrids(in various states) and imports etc. that cant be ignored though.

I dont like seeing lots of money being made off illegal imports or poor quality animals that are over priced to rip off ignorant buyers. I dont see any reason why i shouldnt say that, or why others shouldnt say what they think.

 

[wokka]

According to the information contained in the "Am I In Business" page of the ATO website, there isn't a threshold as such, and each case is determined on an individual basis. However, when seeking information over the phone on the status of our business, we were given a figure of $50,000 as a rule of thumb on not one but three occasions. There were other conditions listed, but the general consensus was that anything more than that amount would be considered a declarable income. Perhaps it's something to do with the fact that at this level, charging GST is deemed to be mandatory rather than a choice by the business owner. Perhaps it's pure coincidence that those figures are the same. No idea, and I don't still have the names of these agents.

Gst must be paid when turnover reaches $75,000.
There are hobby farmers whose turnover exceeds $75,000 and must pay GST, but who cant claim expenses as a tax deduction!