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

Chapter 2 - The basic rules  

Part 2-6 - Tax periods  

Division 27 - How to work out the tax periods that apply to you  

27-39   Tax periods of incapacitated entities  

(1)    
If an entity becomes an *incapacitated entity , the entity ' s tax period at the time is taken to have ended at the end of the day before the entity became incapacitated.

(2)    
If a tax period (the first tax period ) ends on a particular day because of subsection (1), the next tax period starts on the day after that day and ends when the first tax period would have ended but for that subsection.

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