Tax Laws Amendment (Simplified GST Accounting) Act 2007 (112 of 2007)

Schedule 1   Amendments

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

12   After paragraph 123-10(4)(a)

Insert:

(aa) if you made your choice as a *small enterprise entity and cease to be a small enterprise entity of the kind to whom the method is available - from the start of the tax period occurring after the day on which you cease to be such a small enterprise entity; or