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

Chapter 4 - The special rules  

Part 4-1 - Special rules mainly about particular ways entities are organised  

Note:

The special rules in this Part mainly modify the operation of Part 2-2 so far as that Part deals with liability for GST and entitlement to input tax credits, but the special rules also affect other aspects of Part 2-2 and the other Parts of Chapter 2 .

Division 63 - Non-profit sub-entities  

63-10   Period for which a choice has effect  

(1)  
The choice has effect from the time the entity makes the choice.

(2)  
The choice ceases to have effect if:


(a) the entity revokes the choice; or


(b) the entity ceases to meet the requirements of subsection 63-5(2) .

(3)  
However, the entity:


(a) cannot revoke the choice within 12 months after the day on which the entity made the choice; and


(b) cannot make a further choice within 12 months after the day on which the entity revoked a previous choice.




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