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
31 Paragraph 162-30(1)(c)
Repeal the paragraph, substitute:
(c) in a case to which subparagraph 162-5(1)(a)(i) applied - you are not a *small business entity of the kind referred to in that subparagraph for an *income year; or
(ca) in a case to which subparagraph 162-5(1)(a)(ii) applied - on 31 July in a *financial year, you do not satisfy the requirements of that subparagraph; or
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