Commonwealth Consolidated Acts

A NEW TAX SYSTEM (GOODS AND SERVICES TAX) ACT 1999 - SECT 151.10

             (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 ).