Let us know when you win. Good luck!
Win $10,000 Cash from Network Ten
339 entrants, 0 wins
Last edited 30/08/2023 - 09:24
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yes, i suppose it is purely academic at the moment
I think it's only taxable if it's income from your own bank, but I am very green on financial knowledge generally.
https://www.ato.gov.au/Individuals/Income-deductions-offsets…
win $10k from bank -> declare as income to ATO
win $10k from other lottery -> woohoo!why? nfi
In this instance though I suspect not taxable as the money is clearly from Ten - ANZ are the sponsor only in this scenario. Not a tax accountant obviously, when one of us wins we can confirm!
You can go directly to the entry form
https://10play.com.au/shark-tank/win/anz-shark-tank-entry-fo…Thanks. Updated comp link.
Thanks so much for sharing
Thanks for sharing OP
Hope more people enter the comp. Good luck!Network 10, can they even afford this give away?
Oh it's coming from ANZ, so the answer was no.
thanks!
apparently prizes from banks have to be declared to the ato. promoter is network ten. sponsor is anz. i wonder if it is taxable?