Commonwealth Consolidated Acts

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A NEW TAX SYSTEM (GOODS AND SERVICES TAX) ACT 1999 - SECT 69.45

When elections cease to have effect

                   If a circumstance specified in the second column of the following table occurs, the election ceases to have effect from the start of the tax period specified in the third column:

 

When elections cease to have effect

Item

Kind of election

Circumstance

Tax period

1

Any election under this Subdivision

You withdraw the election

The tax period (which must not be a past tax period) specified in the withdrawal

2

An election under section 69-25

You make an election under section 69-30

The tax period at the start of which the election under section 69-30 takes effect

3

An election under section 69-30

You make an election under section 69-25

The tax period at the start of which the election under section 69-25 takes effect

4

An election under section 69-30

You cease to have a * valid meal entertainment register

The tax period during which you cease to have such a register

5

An election under section 69-25 or 69-30

You make an election under section 37AA or 37CA of the Fringe Benefits Tax Assessment Act 1986

The tax period during which the election is made

6

An election under section 69-35

You make an election under section 152B of that Act

The tax period during which the election is made



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