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  

27-37   Special determination of tax periods on request  

(1)    
The Commissioner may, in accordance with a request you make in the * approved form , determine the tax periods applying to you to be the tax periods specified in the request if the Commissioner is satisfied that:

(a) your * GST turnover meets the * tax period turnover threshold ; and

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(b) the tax periods specified in the request are consistent with the commercial accounting periods that apply to you; and

(c) the tax periods specified in the request would, if determined under this section, result in 12 complete tax periods in each year; and

(d) any other requirements specified in the regulations are complied with.

Note:

Refusing a request for a determination under this section is a reviewable GST decision (see Subdivision 110-F in Schedule 1 to the Taxation Administration Act 1953 ).

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History

S 27-37(1) amended by No 80 of 2007, s 3 and Sch 2 item 7, by substituting " *GST turnover " for " *annual turnover " in para (a), applicable in relation to net amounts for tax periods starting on or after 1 July 2007.

S 27-37(1) amended by No 73 of 2006 , s 3 and Sch 5 item 81, by substituting " Subdivision 110-F in Schedule 1 to " for " Division 7 of Part VI of " in the note, effective 1 July 2006.

(2)    
A determination under this section overrides any determination under section 27-15 or 27-30 relating to tax periods applying to you.

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