Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) You are eligible to make an * annual tax period election if:
(a) you are not * required to be registered; and
(b) you have not made any election under section 162 - 15 to pay GST by instalments (other than such an election that is no longer in effect).
(2) However, you are not eligible to make an * annual tax period election if the only reason you are not * required to be registered is because you disregarded supplies under paragraph 188 - 15(3)(b) or 188 - 20(3)(b) (which are about supplies of rights or options offshore).