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

S 162-90(1) substituted by No 118 of 2009, s 3 and Sch 1 item 40, effective 4 December 2009. S 162-90(1) formerly read:

(1)
If:

(a) a *GST instalment payer who is an individual becomes bankrupt; or

(b) a GST instalment payer that is not an individual goes into liquidation or receivership or for any reason ceases to exist;

the GST instalment payer must give the *GST return, for the *instalment tax period that ends because of the bankruptcy, liquidation, receivership or cessation, to the Commissioner:

(c) on or before the 21st day of the month following the end of the instalment tax period; or

(d) within such further period as the Commissioner allows.

S 162-90(2) amended by No 39 of 2012, s 3 and Sch 1 items 102 and 103, by substituting " *assessed net amount for " for " *net amount for " and " assessed net amount to " for " net amount to " , applicable in relation to payments and refunds that relate to tax periods, and fuel tax return periods, starting on or after 1 July 2012; and also in relation to payments and refunds that: (a) do not relate to any tax periods or fuel tax return periods; and (b) relate to liabilities or entitlements that arose on or after 1 July 2012.

S 162-90(3) amended by No 39 of 2012, s 3 and Sch 1 item 104, by substituting " assessed net amounts " for " net amounts " , applicable in relation to payments and refunds that relate to tax periods, and fuel tax return periods, starting on or after 1 July 2012; and also in relation to payments and refunds that: (a) do not relate to any tax periods or fuel tax return periods; and (b) relate to liabilities or entitlements that arose on or after 1 July 2012.

S 162-90 inserted by No 73 of 2001, s 3 and Sch 1 item 29, applicable in relation to net amounts for tax periods starting, or that started, on or after 1 July 2000.