(1) You must make your * annual tax period election:
(a) if the tax periods applying to you are * quarterly tax periods--on or before 28 October in the * financial year to which it relates; or
(b) in any other case--on or before 21 August in that financial year.
(i) during the * financial year but after 28 October in that financial year, you became eligible under section 151-5 to make an * annual tax period election; and
(ii) this subsection had not applied to you before; and
(iii) your * current GST lodgment record is not more than 6 months; or
(b) if the financial year started on 1 July 2004 and the Commissioner determines in writing that this paragraph applies;
you must make your election on or before the first day, after becoming eligible under section 151-5 or after the Commissioner's determination, on which you would, but for this Division, be required to give a * GST return to the Commissioner.
(3) The Commissioner may, in accordance with a request you make in the * approved form, allow you to make your election on a specified day occurring after the day provided for under subsection (1) or (2).
Note: Refusing a request to be allowed to make an election on a specified day under this subsection is a reviewable GST decision (see Subdivision 110-F in Schedule 1 to the Taxation Administration Act 1953 ).