A New Tax System (Goods and Services Tax) Act 1999
The Commissioner must determine that the tax periods that apply to you are each individual month if:
(a) the Commissioner is satisfied that your * GST turnover meets the * tax period turnover threshold ; or
(b) the Commissioner is satisfied that the period for which you will be * carrying on an * enterprise in the indirect tax zone is less than 3 months; or
(c) the Commissioner is satisfied that you have a history of failing to comply with your obligations under a * taxation law .
Determining under this section the tax periods applying to you is a reviewable GST decision (see Subdivision 110-F in Schedule 1 to the Taxation Administration Act 1953 ).
The determination takes effect on the day specified in the determination. However, the day specified must be 1 January, 1 April, 1 July or 1 October.
Deciding the date of effect of the determination is a reviewable GST decision (see Subdivision 110-F in Schedule 1 to the Taxation Administration Act 1953 ).
(Repealed by No 73 of 2001)
The tax period turnover threshold is:
(a) $20 million; or
(b) such other amount as the regulations specify.
However, if the regulations change the tax period turnover threshold, the change does not apply to you until the start of the next tax period that starts after the regulation in question comes into operation.