Sandesh and Rani are the only directors and shareholders of SaR Pty Ltd. SaR owns several tenanted properties. Most of the properties are commercial buildings, but it also owns some residential premises. During the 12 months to 30 September 2020, the company derived income of $60,000 (excluding GST) from the commercial premises and $30,000 from the residential premises. Required C: (7.5 marks) What is SaRs annual turnover for GST registration purposes? Is SaR required to register? In your response give reasons and refer to sections of legislation where relevant