Chapter 4
-
The special rules
Part 4-6
-
Special rules mainly about tax periods
Note:
The special rules in this Part mainly modify the operation of
Part 2-6
, but they may affect other Parts of Chapter 2 in minor ways.
Division 151
-
Annual tax periods
History
Div 151 inserted by No 134 of 2004, s 3 and Sch 1 item 11, applicable in relation to net amounts for tax periods starting, or that started, on or after:
(a) for entities that, on 1 October 2004, had quarterly tax periods applying to them
-
1 October 2004; or
(b) for other entities
-
1 November 2004.
Subdivision 151-A
-
Electing to have annual tax periods
History
Subdiv 151-A inserted by No 134 of 2004, s 3 and Sch 1 item 11, applicable in relation to net amounts for tax periods starting, or that started, on or after:
(a) for entities that, on 1 October 2004, had quarterly tax periods applying to them
-
1 October 2004; or
(b) for other entities
-
1 November 2004.
151-15
Annual tax period elections by representative members of GST groups
(1)
A *representative member of a *GST group cannot make an *annual tax period election unless each *member of the GST group is eligible under section
151-5
.
(2)
If the *representative member makes such an election, the *annual tax period applying to the representative member also applies to each member.
History
S 151-15 inserted by No 134 of 2004, s 3 and Sch 1 item 11, applicable in relation to net amounts for tax periods starting, or that started, on or after:
(a) for entities that, on 1 October 2004, had quarterly tax periods applying to them
-
1 October 2004; or
(b) for other entities
-
1 November 2004.