(1) You may, by notifying the Commissioner in the * approved form, elect to pay GST by instalments if you are eligible under section 162-5.
(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; 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 ).