Commonwealth Consolidated Acts

A NEW TAX SYSTEM (GOODS AND SERVICES TAX) ACT 1999 - SECT 151.55

  (1)   If any of the following occurs:

  (a)   an entity who is an individual dies;

  (b)   an entity ceases to * carry on any * enterprise;

  (c)   an entity's * registration is cancelled;

during an * annual tax period applying to the entity, the annual tax period is not affected by the death, cessation or cancellation.

  (2)   This section has effect despite section   27 - 40 (which is about an entity's concluding tax period).

  (3)   However, this section does not affect the application of:

  (a)   section   27 - 39; or

  (b)   if an entity for any reason ceases to exist--section   27 - 40.