Cash 2015/39
COMMONWEALTH OF AUSTRALIA
A New Tax System (Goods and Services Tax) Tax 1999
I, James O'Halloran, Deputy Commissioner of Taxation, make this determination under paragraph 29-40(1)(c) of the A New Tax System (Goods and Services Tax) Act 1999.1. Name of Determination
This determination is the Goods and Services Tax: Choosing to Account on a Cash Basis Determination (No 39) 2015 - representatives of incapacitated entities.
2. Commencement
This determination commences on the day after registration.
3. Repeal of previous instrument
The following determination is repealed on the commencement of this determination:
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- A New Tax System (Goods and Services Tax) Act 1999 Choosing to Account on a Cash Basis Determination (No 1) 2000 - representatives of incapacitated entities - F2005B02440, registered on 29/09/2005.
4. Application
This determination applies to a representative of an incapacitated entity where the incapacitated entity previously carried on an enterprise.
5. Determination
This determination provides that an enterprise previously carried on by an incapacitated entity is an enterprise of a kind in respect of which the representative of that incapacitated entity may choose to account for GST on a cash basis. It alleviates the necessity for representatives of incapacitated entities to seek a determination in writing from the Commissioner under paragraph 29-40(1)(c) of the A New Tax System (Goods and Services Tax) Act 1999 that they are entitled to choose to account for GST on a cash basis.
6. Definitions
Expressions in this determination have the same meaning as in the A New Tax System (Goods and Services Tax) Act 1999.
Dated 15 September 2015
James O'Halloran
Deputy Commissioner of Taxation
Registration Number: F2015L01570
Registration Date: 30 September 2015
Related Explanatory Statements:
Cash 2015/39 - Explanatory statement