Commonwealth Consolidated Acts

A NEW TAX SYSTEM (GOODS AND SERVICES TAX) ACT 1999 - SECT 27.20

  (1)   You may, by notifying the Commissioner in the * approved form, withdraw an election under section   27 - 10, unless your * GST turnover meets the * tax period turnover threshold.

  (2)   The withdrawal takes effect on the day specified in the notice. However, the day specified:

  (a)   must be 1   January, 1   April, 1   July or 1   October, or any day occurring before the election takes effect; and

  (b)   must not be a day occurring earlier than 12 months after the election took effect.