Taxation Administration Act 1953
View history note
Hide history noteNote: See section 3AA .
Chapter 2 - Collection, recovery and administration of income taxYou are a quarterly payer who pays on the basis of GDP-adjusted notional tax if, at the end of the *starting instalment quarter in an income year:
(a) you are an individual who is not an *annual payer, a *monthly payer or a *quarterly payer who pays on the basis of instalment income; or
(b) you are a *self-assessment entity:
(i) that is not an *annual payer or a *quarterly payer who pays on the basis of instalment income; and
(ii) your base assessment instalment income (within the meaning of section 45-320 ) for the *base year is $2 million or less; or
(c) you satisfy all of the following conditions:
(i) you are a self-assessment entity whose base assessment instalment income (within the meaning of section 45-320 ) for the *base year is more than $2 million;
(ii) you are not an annual payer, but you satisfy the conditions set out in subsection 45-140(1) for an annual payer;
(iia) you are not a *monthly payer;
(iii) you are not a quarterly payer who pays on the basis of instalment income; or
(d) for the 2009-10 income year or a later income year - you are one of the following kinds of entity (an eligible business entity ):
(i) a *small business entity (other than because of subsection 328-110(4) of the Income Tax Assessment Act 1997 );
(ii) an entity covered by subsection (1A) of this section.
Note:
Paragraph (a) may apply to you if you are a multi-rate trustee. See section 45-468 .
45-130(1A)
An entity is covered by this subsection for an income year if: (a) the entity is not a *small business entity (other than because of subsection 328-110(4) of the Income Tax Assessment Act 1997 ) for the income year; and (b) the entity would be such a small business entity for the income year if:
(i) each reference in Subdivision 328-C (about what is a small business entity) of that Act to $10 million were instead a reference to $50 million; and
(ii) the reference in paragraph 328-110(5)(b) of that Act to a small business entity were instead a reference to an entity covered by this subsection.
How and when you become such a payer
45-130(2)
You become such a payer just before the end of the *starting instalment quarter if paragraph (1)(a), (b), (c) or (d) is satisfied.
45-130(2A)
For the purposes of subsection (2), you satisfy proposed paragraph (1)(d) at the end of the *starting instalment quarter in an income year if you are an eligible business entity for the income year that includes that instalment quarter.
How and when you stop being such a payer
45-130(3)
You stop being a *quarterly payer who pays 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 paragraph (1)(a), (b), (c) or (d) at the end of that quarter.
45-130(3A)
For the purposes of subsection (3), you fail to satisfy proposed paragraph (1)(d) at the end of the first *instalment quarter in an income year if you are not an eligible business entity for the income year that includes that instalment quarter.
45-130(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.
No quarterly payer status in quarter if monthly payer in following month
45-130(5)
Despite subsections (1) and (2), you cannot be a *quarterly payer who pays on the basis of GDP-adjusted notional tax at a time in an *instalment quarter if you are a *monthly payer at a time in the first *instalment month that ends after that quarter.
Disclaimer and notice of copyright applicable to materials provided by CCH Australia Limited
CCH Australia Limited ("CCH") believes that all information which it has provided in this site is accurate and reliable, but gives no warranty of accuracy or reliability of such information to the reader or any third party. The information provided by CCH is not legal or professional advice. To the extent permitted by law, no responsibility for damages or loss arising in any way out of or in connection with or incidental to any errors or omissions in any information provided is accepted by CCH or by persons involved in the preparation and provision of the information, whether arising from negligence or otherwise, from the use of or results obtained from information supplied by CCH.
The information provided by CCH includes history notes and other value-added features which are subject to CCH copyright. No CCH material may be copied, reproduced, republished, uploaded, posted, transmitted, or distributed in any way, except that you may download one copy for your personal use only, provided you keep intact all copyright and other proprietary notices. In particular, the reproduction of any part of the information for sale or incorporation in any product intended for sale is prohibited without CCH's prior consent.
