Tax Laws Amendment (Small Business) Act 2007 (80 of 2007)
Schedule 2 Amendments relating to GST turnover thresholds
Part 1 Main amendments
A New Tax System (Goods and Services Tax) Act 1999
11 Subsection 29-40(1)
Omit “you may choose to account on a cash basis, with effect from the first day of the tax period that you choose.”.
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