A New Tax System (Goods and Services Tax) Act 1999

Chapter 4 - The special rules  

Part 4-1 - Special rules mainly about particular ways entities are organised  

Note:

The special rules in this Part mainly modify the operation of Part 2-2 so far as that Part deals with liability for GST and entitlement to input tax credits, but the special rules also affect other aspects of Part 2-2 and the other Parts of Chapter 2 .

Division 48 - GST groups  

Subdivision 48-C - Administrative matters  

48-71   Approval of early day of effect of forming, changing etc. GST groups  

(1)  
If an entity that gives a notice to the Commissioner under paragraph 48-5(1)(c) or subsection 48-70(2) applies, in the *approved form , to the Commissioner for approval of a day specified in the notice, the Commissioner must:


(a) approve, for the purposes of subsection 48-5(4) or 48-70(4) , the day specified in the notice; or


(b) approve another day for those purposes.

Note:

Approving another day under paragraph (b) is a reviewable GST decision (see Subdivision 110-F in Schedule 1 to the Taxation Administration Act 1953 ).

(2)  
The Commissioner may revoke an approval given under subsection (1) if the Commissioner is satisfied that the day approved is not appropriate.

Note:

Revoking an approval under this subsection is a reviewable GST decision (see Subdivision 110-F in Schedule 1 to the Taxation Administration Act 1953 ).

(3)  
The Commissioner must give notice, to the entity referred to in subsection (1), of any decision that he or she makes under this section.


 

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