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Carrying on a business as a promoter

A person who carries on a business in the course of which the person is, or has been, a 'promoter' in respect of a 'relevant proposal' or 'relevant arrangements' (see below) is deemed for the purposes of the POTAS regime to be carrying on a business as a promoter¹.

A person is also regarded as carrying on a business as a promoter where the person is a 'member of a promotion structure' (see below), regardless of whether that person carries on a business². As a result, a person who does not regard themselves are being a promoter, may still fall into this definition and come within the scope of the POTAS regime.

Promoter

The definition of a promoter depends upon whether the person is promoting 'relevant proposals' or 'relevant arrangements' (see below).

A person is a promoter of a 'relevant proposal' if they³:

1. Ìý

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