Commonwealth Consolidated Acts

A NEW TAX SYSTEM (GOODS AND SERVICES TAX) ACT 1999 - SECT 162.25

  (1)   You must make your election on or before 28   October in the * financial year to which it relates.

  (2)   However, if:

  (a)   during the * financial year but after 28   October in that financial year, you became eligible under section   162 - 5 to elect to pay GST by instalments; and

  (b)   this subsection had not applied to you before; and

  (c)   your * current GST lodgment record is not more than 6 months;

you must make your election on or before the first day, after becoming eligible under section   162 - 5, on which you would, but for this Division, be required under section   31 - 8 to give a * GST return to the Commissioner.

  (3)   The Commissioner may, in accordance with a request you make in the * approved form, allow you to make your election on a specified day occurring after the day provided for under subsection   (1) or (2).

Note:   Refusing a request to be allowed to make an election on a specified day under this subsection is a reviewable GST decision (see Subdivision   110 - F in Schedule   1 to the Taxation Administration Act 1953 ).