A New Tax System (Goods and Services Tax) Act 1999
The tax periods that apply to you are each individual month if, by notifying the Commissioner in the * approved form , you elect to have as the tax periods that apply to you each individual month. (2)
The election takes effect on the day specified in the notice. However, the day specified must be 1 January, 1 April, 1 July or 1 October.