This section outlines the options for reporting PAYG instalments.
Generally, if you have business or investment income, you will pay PAYG instalments quarterly or annually.
You must choose your reporting option by the due date of your first activity statement for the income year. You cannot change that option until the first quarter of the next income year.
If you have already chosen an option, there will be a pre-printed X in the box next to that option.
If you have not made a valid choice by the due date, the default option will apply. If you paid PAYG instalments last year, you will default to the same option you used last year (assuming you are still eligible for it). If this is the first year that you are paying PAYG instalments, you will default to option 1 (paying an instalment amount) if you are eligible for it.