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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.



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