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Barkz1606(I'm new)I'm new
24 Mar 2026

I have a CAD file that is now being used to create a product by another business.


The business has agreed to pay a royalty for each product sold, up to an amount.


I am not a business and I am not advertising or selling anything, but I have supplied an IP to another business.


What is best practice for declaring this income and can it be done without and ABN?

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IP Royalties - Hobbyist | ATO Community