Fuel Tax Act 2006

CHAPTER 3 - FUEL TAX CREDITS  

PART 3-3 - SPECIAL RULES  

Division 46 - Instalment taxpayers  

Subdivision 46-A - Instalment taxpayers  

SECTION 46-5   INSTALMENT TAXPAYERS  

46-5(1)    
If you are a * GST instalment payer, you must treat each * GST instalment quarter as if it were a * tax period.

46-5(2)   GST instalment quarters to be treated as tax periods  

For the purposes of working out under subsection 65-5(1) which * GST instalment quarter a fuel tax credit is attributable to, you must treat each GST instalment quarter as if, in the * GST Act, the quarter were a * tax period.

46-5(3)   Choice to give a return for first 3 quarters  

You may choose whether to give the Commissioner a return for any of the first 3 * GST instalment quarters in a * financial year. If you do so, you must give the Commissioner your return on or before the day on which you are, or would be, required to pay your * GST instalment to the Commissioner for the quarter (disregarding section 162-80 of the * GST Act).

Note:

Section 162-80 of the GST Act allows certain entities to pay only 2 GST instalments for a financial year.

46-5(4)    
If you choose not to give a return for any of those quarters, then any fuel tax credit or * fuel tax adjustment that is attributable to that quarter:

(a)    ceases to be attributable to that quarter; and

(b)    becomes attributable to the first quarter for which you give the Commissioner a return.

Note:

See subsection 65-5(4) if your assessment for a quarter does not include a fuel tax credit that is attributable, under this subsection, to the quarter.

46-5(5)   Requirement to give a return for final quarter  

If you have an * increasing fuel tax adjustment that is (or, under subsection (4) , would be) attributable to the last * GST instalment quarter in the * financial year, you must give the Commissioner a return for that quarter on or before the day on which you are, or would be, required to pay your * GST instalment to the Commissioner for the quarter (disregarding section 162-80 of the * GST Act).