A New Tax System (Goods and Services Tax) Act 1999
Chapter 4
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The special rules
Part 4-6
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Special rules mainly about tax periods
Subdivision 151-A
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Electing to have annual tax periods
151-5
Eligibility to make an annual tax period election
(1)
You are eligible to make an *annual tax period election if:
(a) you are not *required to be registered; and
(b) you have not made any election under section 162-15 to pay GST by instalments (other than such an election that is no longer in effect).
(2)
However, you are not eligible to make an * annual tax period election if the only reason you are not * required to be registered is because you disregarded supplies under paragraph 188-15(3)(b) or 188-20(3)(b) (which are about supplies of rights or options offshore).
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
View history note
Hide history noteYou are eligible to make an *annual tax period election if:
(a) you are not *required to be registered; and
(b) you have not made any election under section 162-15 to pay GST by instalments (other than such an election that is no longer in effect).
(2)
However, you are not eligible to make an * annual tax period election if the only reason you are not * required to be registered is because you disregarded supplies under paragraph 188-15(3)(b) or 188-20(3)(b) (which are about supplies of rights or options offshore).
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