A New Tax System (Goods and Services Tax) Act 1999
The Commissioner may, if you so request in the * approved form , revoke your election under section 27-10 , with effect from a day occurring earlier than 12 months after the election took effect, unless the Commissioner is satisfied that your * GST turnover meets the * tax period turnover threshold .
In considering your request, the Commissioner may have regard to:
(a) for how long the tax periods applying to you have been each individual month; and
(b) whether you have previously been *registered, and whether such tax periods had applied to you; and
(c) any other relevant matters. (3)
(a) takes effect on the day specified in the instrument of revocation; or
(b) is taken to have had effect from a past day specified in the instrument of revocation.
However, the day specified must be 1 January, 1 April, 1 July or 1 October.
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