Tax Laws Amendment (2009 Measures No. 5) Act 2009 (118 of 2009)

Schedule 1   GST and representatives of incapacitated entities

Part 3   Amendments commencing on Royal Assent

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

16   Subsection 27-40(1)

Repeal the subsection, substitute:

(1) If:

(a) an individual dies; or

(b) another entity for any reason ceases to exist;

the individual's or entity's tax period at the time is taken to have ceased at the end of the day before the death or cessation.