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  

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  

162-55   Tax periods for GST instalment payers  

(1)    
The tax period that applies to you, if you are a * GST instalment payer for a * financial year , is that financial year.

(2)    
The tax period that applies to you, if you are a * GST instalment payer only for part of a * financial year , is that part of that financial year.

(3)    
A tax period under this section is an instalment tax period .

(4)    
This section has effect despite sections 27-5 , 27-10 , 27-15 and 27-30 (which are about tax periods).