TAXATION ADMINISTRATION ACT 1953 (ARCHIVE)

SCHEDULE 1 - COLLECTION AND RECOVERY OF INCOME TAX AND OTHER LIABILITIES  

Special rules for 2000-01 and 2001-02

SECTION 45-180 (Archive)   ENTITY THAT BECOMES GST REGISTERED, PARTICIPANT IN GST JOINT VENTURE, OR COMPANY GROUP MEMBER STOPS BEING ANNUAL PAYER  

45-180(1)    
You stop being an *annual payer if, during an *instalment quarter in the 2000-01 or 2001-02 income year:

(a) you become registered, or *required to be registered, under Part 2-5 of the *GST Act; or

(b) you become a partner in a partnership that is registered, or required to be registered, under that Part; or

(c) a partnership in which you are a partner becomes registered, or 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.

45-180(2)    
You must pay an instalment for the first *instalment quarter in the next income year and instalments for later instalment quarters if subsection 45-50(1) or (2) requires you to do so.

 View history note

 Hide history note

45-180(3)    
You must still pay an annual instalment for the income year referred to in subsection (1).

45-180(4)    
You may again become an *annual payer if:

(a) you again satisfy the conditions in section 45-140 ; and

(b) you again choose under that section to pay instalments annually.