A NEW TAX SYSTEM (GOODS AND SERVICES TAX) ACT 1999 - SECT 48.7 Membership of GST groups
A NEW TAX SYSTEM (GOODS AND SERVICES TAX) ACT 1999 - SECT 48.7
Membership of GST groups(1) A member of a * GST group is an entity that:
(a) formed the group under section 48 - 5, or was added to the group under section 48 - 70; and
(b) * satisfies the membership requirements of the group.
(2) However, the entity is not a member of the * GST group if the entity has, since the last time the entity became such a member:
(a) left, or been removed from, the group under section 48 - 70; or
(b) ceased to * satisfy the membership requirements of the group.
(3) The * representative member of a * GST group must notify the Commissioner, in the * approved form, if a * member of the group no longer * satisfies the membership requirements for the GST group.
(4) The notice must be given within 21 days after the * member no longer * satisfies the membership requirements for the * GST group.
Note: Section 286 - 75 in Schedule 1 to the
Taxation Administration Act 1953 provides an administrative penalty for breach
of this subsection.