Taxation Administration Act 1953

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

Note: See section 3AA .

Chapter 2 - Collection, recovery and administration of income tax  

PART 2-10 - PAY AS YOU GO (PAYG) INSTALMENTS  

Division 45 - Instalment payments  

Subdivision 45-E - Annual payers  

When you start and stop being an annual payer

SECTION 45-160   HEAD COMPANY OF A CONSOLIDATED GROUP STOPS BEING ANNUAL PAYER  

45-160(1)    
You stop being an *annual payer at the start of an *instalment quarter if Subdivision 45-Q starts applying to you as the *head company of a *consolidated group during that quarter.

45-160(2)    
You must pay an instalment for that *instalment quarter and later instalment quarters in accordance with Subdivision 45-B .

45-160(3)    
You may again become an *annual payer if:

(a) after you stop being an *annual payer under subsection (1), you satisfy the conditions in subsection 45-140(1) or (1A) ; and

(b) you again choose under section 45-140 to pay instalments annually.

Note:

You cannot choose to be an annual payer while you are the head company of a consolidated group to which Subdivision 45-Q applies: see section 45-720 .