A NEW TAX SYSTEM (GOODS AND SERVICES TAX) ACT 1999 - SECT 151.10 Making an annual tax period election
A NEW TAX SYSTEM (GOODS AND SERVICES TAX) ACT 1999 - SECT 151.10
Making an annual tax period election(1) You may, by notifying the Commissioner in the * approved form, make an * annual tax period election if you are eligible under section 151 - 5.
(2) Your election takes effect from:
(a) the start of the earliest tax period for which, on the day on which you make your election, your * GST return is not yet due (taking into account any further period the Commissioner allows under paragraph 31 - 8(1)(b) or 31 - 10(1)(b)); or
(b) the start of such other tax period as the Commissioner allows, in accordance with a request you make in the * approved form.
Note: Refusing a request to allow your election to take effect from the
start of another tax period is a reviewable GST decision (see Subdivision
110 - F in Schedule 1 to the Taxation Administration Act 1953 ).