A New Tax System (Goods and Services Tax) Act 1999
Chapter 4
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The special rules
Part 4-7
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Special rules mainly about returns, payments and refunds
You are a GST instalment payer while an election that you have made under section 162-15 has effect.
(2)
You are a GST instalment payer for any * financial year for which your election has effect.
(3)
However, if your election has effect only for part of a * financial year , you are a GST instalment payer only for that part of that financial year.
Note:
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-B - Consequences of electing to pay GST by instalments 162-50 GST instalment payers (1)You are a GST instalment payer while an election that you have made under section 162-15 has effect.
(2)
You are a GST instalment payer for any * financial year for which your election has effect.
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However, if your election has effect only for part of a * financial year , you are a GST instalment payer only for that part of that financial year.