Commonwealth Consolidated Acts

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A NEW TAX SYSTEM (GOODS AND SERVICES TAX) ACT 1999 - SECT 63.10

Period for which a choice has effect

             (1)  The choice has effect from the time the entity makes the choice.

             (2)  The choice ceases to have effect if:

                     (a)  the entity revokes the choice; or

                     (b)  the entity ceases to meet the requirements of subsection 63-5(2).

             (3)  However, the entity:

                     (a)  cannot revoke the choice within 12 months after the day on which the entity made the choice; and

                     (b)  cannot make a further choice within 12 months after the day on which the entity revoked a previous choice.



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