TAXATION ADMINISTRATION ACT 1953 [ARCHIVE]

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

Special rules for 2000-01 and 2001-02

SECTION 45-180 [Archive]   ENTITY THAT BECOMES GST REGISTERED, PARTICIPANT IN GST JOINT VENTURE, OR COMPANY GROUP MEMBER STOPS BEING ANNUAL PAYER  

45-180(1)  
You stop being an *annual payer if, during an *instalment quarter in the 2000-01 or 2001-02 income year:


(a) you become registered, or *required to be registered, under Part 2-5 of the *GST Act; or


(b) you become a partner in a partnership that is registered, or required to be registered, under that Part; or


(c) a partnership in which you are a partner becomes registered, or required to be registered, under that Part; or


(d) in the case of a company - the company becomes a *participant in a *GST joint venture under Division 51 of that Act; or


(e) in the case of a company - the company becomes part of an *instalment group.

45-180(2)  
You must pay an instalment for the first *instalment quarter in the next income year and instalments for later instalment quarters if subsection 45-50(1) or (2) requires you to do so.

45-180(3)  
You must still pay an annual instalment for the income year referred to in subsection (1).

45-180(4)  
You may again become an *annual payer if:


(a) you again satisfy the conditions in section 45-140 ; and


(b) you again choose under that section to pay instalments annually.




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