web site disclosure

[EAGLES]

should a publically available web site have to disclose all income and expenses
I am thinking of starting a discussion board
No not football
If i get plenty of readers and posters after a few years would i have a duty of care to disclose this to the users of the discussion board
What about tax etc
Lets say i make more then enough funds to cover all costs and then some so that the site actually turns of a healthy profit with income from sponsored links etc
Would i have to disclose that to the tax office

[Dogwatcher]

Wouldn't think so.
What business has to do this?
Not publically owned, so no reason to.

[Wedgie]

Don't have to disclose it to users mate but definately have to disclose it to the ATO if you start making enough.
I'd recommend seeing a lawyer about it, if not when you start the business when you start making some cash.

I recommend Harradine and Norris Green, a great sponsor of SAfooty who has good feedback from all or Phil Louner who helped me out when I started my web based ventures!