Commonwealth Consolidated Acts

A NEW TAX SYSTEM (GOODS AND SERVICES TAX) ACT 1999 - SECT 162.50

  (1)   You are a GST instalment payer while an election that you have made under section   162 - 15 has effect.

  (2)   You are a GST instalment payer for any * financial year for which your election has effect.

  (3)   However, if your election has effect only for part of a * financial year, you are a GST instalment payer only for that part of that financial year.