Taxation Administration Act 1953

SCHEDULE 1 - COLLECTION AND RECOVERY OF INCOME TAX AND OTHER LIABILITIES  

Note: See section 3AA .

Chapter 2 - Collection, recovery and administration of income tax  

PART 2-10 - PAY AS YOU GO (PAYG) INSTALMENTS  

Division 45 - Instalment payments  

Subdivision 45-D - Quarterly payers  

SECTION 45-132   QUARTERLY PAYER WHO PAYS 4 INSTALMENTS ANNUALLY ON THE BASIS OF GDP-ADJUSTED NOTIONAL TAX  

45-132(1)    
You are a quarterly payer who pays 4 instalments annually on the basis of GDP-adjusted notional tax if, at the end of the *starting instalment quarter in an income year:

(a) you satisfy the conditions to be a *quarterly payer who pays on the basis of GDP-adjusted notional tax under section 45-130 ; and

(b) you do not satisfy the conditions to be a *quarterly payer who pays 2 instalments annually on the basis of GDP-adjusted notional tax under section 45-134 .

How and when you become such a payer

45-132(2)    
You become such a payer just before the end of the *starting instalment quarter if paragraphs (1)(a) and (b) are satisfied.

How and when you stop being such a payer

45-132(3)    
You stop being a *quarterly payer who pays 4 instalments annually on the basis of GDP-adjusted notional tax at the start of the first *instalment quarter in the next income year if you fail to satisfy paragraphs (1)(a) and (b) at the end of that quarter.

45-132(4)    

In addition, you stop being such a payer at the start of the first *instalment quarter in the next income year if:

(a) at the end of that quarter, you become:

(i) a *quarterly payer who pays on the basis of instalment income; or

(ii) an *annual payer; or

(b) at the end of the first *instalment month of that quarter, you become a *monthly payer.