MONAT Australia FAQ, 1st October 2021
Q: WHAT ARE THE IMPORTANT LAUNCH DATES FOR MONAT AUSTRALIA?
A: 1
st
October 2021: PRE-LAUNCH.
- Market Partner-only enrolment is live.
1
st
November 2021: LAUNCH.
- MONAT Australia officially open for enrolling VIP Customers and Retail Customers.
PRE-LAUNCH: 1
st
October – 31
st
October 2021
ENROLLING AS A MARKET PARTNER
Q: WHAT HAPPENS DURING PRE-LAUNCH?
A: From Friday 1
st
October, individuals in Australia with a registered address in Australia can enrol, purchase a
Product Pack and start building their downline teams of Market Partners to be ready for the official launch on
Monday 1
st
November 2021. During pre-launch, Market Partners are eligible to qualify to earn commissions and
bonuses and achieve new ranks, plus they will be eligible for two Asia Pacific Founder Shares (see Commissions,
Bonuses, Ranks and Asia Pacific Founders section below for more details).
Q: DO NEW MARKET PARTNERS NEED TO RESIDE IN AUSTRALIA TO BE ABLE TO JOIN MONAT AUSTRALIA?
A: Yes. To enrol as a Market Partner in Australia, you must reside in Australia and comply with the MONAT Market
Partner Agreement. However, it is each individual’s responsibility to ensure they are eligible to earn an income.
Q: WHAT IS AN ABN NUMBER
A: An Australian Business Number (ABN) is a unique 11 digit number that identifies your business to the government
and community in Australia. Getting an ABN is free and can make running your business easier in the future,
particularly if you have to register for taxes or intend to claim deductions for expenses.
Q: WHAT IS GST REGISTRATION
A: Goods and services tax (GST) is a tax of 10% on most goods, services and other items sold or consumed in
Australia. MONAT Market Partners must register with the ATO for GST if their gross business income from sales
(excluding any GST) is more than $75,000 per year, or is projected to be so. GST registration is optional for direct
sellers whose business has a GST turnover under $75,000.
Q: HOW WILL MONAT MANAGE WITHHOLDING TAXES AND GST ON COMMISSIONS EARNED IN AUSTRALIA?
A: Income Tax Withholdings – If a Market Partner exceeds $15,000 AUD in commissions earned within a 12 month
period and does not have a valid ABN number on file with MONAT, Income Tax withholdings will be at the rate of 47%
on commission earnings. If a Market Partner provides their valid ABN number the tax withholding amount above
$15,000 AUD will be at 0%.
GST Registration Threshold – If a Market Partner provides a valid ABN number to MONAT and is GST registered,
MONAT will provide a Recipient Created Tax Invoice to the Market partner which will include 10% GST, and the Market
Partner will be paid the 10% GST on each subsequent commission payment.
If a Market Partner does not provide a valid ABN number to MONAT or is not GST registered, the Recipient Created Tax
Invoice will not be provided and the 10% GST will not be paid to the Market Partner on commission earnings.
Q: CAN A NEW MARKET PARTNER IN AUSTRALIA CROSS-SPONSOR MARKET PARTNERS IN THE USA,
CANADA, UK, POLAND, SPAIN OR LITHUANIA DURING PRE-LAUNCH?
A: A new Market Partner in Australia can only sponsor in Australia during Pre-Launch. They will be able to start building
their teams in other markets after 1
st
November 2021. At this time on the 1
st
November 2021 they will also be able to
enrol VIPs and sell to Customers in all the countries MONAT operates in.