A New Tax System (Goods and Services Tax) Act 1999

Chapter 4 - The special rules  

Part 4-7 - Special rules mainly about returns, payments and refunds  


The special rules in this Part mainly modify the operation of Part 2-7 , but they may affect other Parts of Chapter 2 in minor ways.

Division 162 - Payment of GST by instalments  

Subdivision 162-A - Electing to pay GST by instalments  

162-25   When you must make your election  

You must make your election on or before 28 October in the * financial year to which it relates.

However, if:

(a) during the * financial year but after 28 October in that financial year, you became eligible under section 162-5 to elect to pay GST by instalments; and

(b) this subsection had not applied to you before; and

(c) your * current GST lodgment record is not more than 6 months;

you must make your election on or before the first day, after becoming eligible under section 162-5 , on which you would, but for this Division, be required under section 31-8 to give a * GST return to the Commissioner.

The Commissioner may, in accordance with a request you make in the * approved form , allow you to make your election on a specified day occurring after the day provided for under subsection (1) or (2) .


Refusing a request to be allowed to make an election on a specified day under this subsection is a reviewable GST decision (see Subdivision 110-F in Schedule 1 to the Taxation Administration Act 1953 ).

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