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  

27-10   Election of one month tax periods  

(1)    
The tax periods that apply to you are each individual month if, by notifying the Commissioner in the * approved form , you elect to have as the tax periods that apply to you each individual month.

(2)    
The election takes effect on the day specified in the notice. However, the day specified must be 1 January, 1 April, 1 July or 1 October.