Taxation Administration Act 1953
Note: See section 3AA .Chapter 2 - Collection, recovery and administration of income tax
You stop being an *annual payer if, during an *instalment quarter that is in an income year that starts after the commencement of this section:
(a) you become *required to be registered under Part 2-5 of the *GST Act; or
(b) you become a partner in a partnership that is required to be registered under that Part; or
(c) a partnership in which you are a partner becomes required to be registered under that Part; or
(d) in the case of a company - the company becomes a *participant in a *GST joint venture under Division 51 of that Act; or
(e) in the case of a company - the company becomes part of an *instalment group; or
(f) an *annual tax period election of yours, or of a partnership in which you are a partner, ceases to have effect.
If you stop being an *annual payer under subsection (1):
(a) you must still pay an annual instalment for the income year mentioned in that subsection; and
(b) you must pay an instalment for each instalment quarter in the next income year for which subsection 45-50(1) or (2) requires you to do so. 45-150(3)
You may again become an *annual payer if:
(a) after you stop being an *annual payer under subsection (1), you satisfy the conditions in subsection 45-140(1) or (1A) ; and
(b) you again choose under section 45-140 to pay instalments annually.
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