Commonwealth Consolidated Acts

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

  (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.