Incubatee services exemption: services by TBI/STEP incubatees exempt where turnover below specified limit and within three year period. Services provided by an incubatee are exempt from GST where the incubatee's total turnover in a financial year does not exceed the prescribed turnover threshold, the turnover had not exceeded that threshold in the preceding financial year, and a period of three years has not elapsed from the date of entering into an agreement with the incubator; an incubatee is an entrepreneur located in a TBI or STEP who has an agreement to develop hi tech products.