Taxation Administration Act 1953
SCHEDULE 1
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COLLECTION AND RECOVERY OF INCOME TAX AND OTHER LIABILITIES
You are a quarterly payer who pays 4 instalments annually on the basis of GDP-adjusted notional tax if, at the end of the *starting instalment quarter in an income year:
(a) you satisfy the conditions to be a *quarterly payer who pays on the basis of GDP-adjusted notional tax under section 45-130 ; and
(b) you do not satisfy the conditions to be a *quarterly payer who pays 2 instalments annually on the basis of GDP-adjusted notional tax under section 45-134 . How and when you become such a payer 45-132(2)
You become such a payer just before the end of the *starting instalment quarter if paragraphs (1)(a) and (b) are satisfied. How and when you stop being such a payer 45-132(3)
You stop being a *quarterly payer who pays 4 instalments annually on the basis of GDP-adjusted notional tax at the start of the first *instalment quarter in the next income year if you fail to satisfy paragraphs (1)(a) and (b) at the end of that quarter. 45-132(4)
In addition, you stop being such a payer at the start of the first *instalment quarter in the next income year if:
(a) at the end of that quarter, you become:
(b) at the end of the first *instalment month of that quarter, you become a *monthly payer.
Note: See section 3AA .
Chapter 2 - Collection, recovery and administration of income tax
PART 2-10
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PAY AS YOU GO (PAYG) INSTALMENTS
Division 45
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Instalment payments
Subdivision 45-D
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Quarterly payers
SECTION 45-132
QUARTERLY PAYER WHO PAYS 4 INSTALMENTS ANNUALLY ON THE BASIS OF GDP-ADJUSTED NOTIONAL TAX
45-132(1)
You are a quarterly payer who pays 4 instalments annually on the basis of GDP-adjusted notional tax if, at the end of the *starting instalment quarter in an income year:
(a) you satisfy the conditions to be a *quarterly payer who pays on the basis of GDP-adjusted notional tax under section 45-130 ; and
(b) you do not satisfy the conditions to be a *quarterly payer who pays 2 instalments annually on the basis of GDP-adjusted notional tax under section 45-134 . How and when you become such a payer 45-132(2)
You become such a payer just before the end of the *starting instalment quarter if paragraphs (1)(a) and (b) are satisfied. How and when you stop being such a payer 45-132(3)
You stop being a *quarterly payer who pays 4 instalments annually on the basis of GDP-adjusted notional tax at the start of the first *instalment quarter in the next income year if you fail to satisfy paragraphs (1)(a) and (b) at the end of that quarter. 45-132(4)
In addition, you stop being such a payer at the start of the first *instalment quarter in the next income year if:
(a) at the end of that quarter, you become:
(i) a *quarterly payer who pays on the basis of instalment income; or
(ii) an *annual payer; or
(b) at the end of the first *instalment month of that quarter, you become a *monthly payer.
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