Commonwealth Consolidated Acts

A NEW TAX SYSTEM (GOODS AND SERVICES TAX) ACT 1999 - SECT 162.55

  (1)   The tax period that applies to you, if you are a * GST instalment payer for a * financial year, is that financial year.

  (2)   The tax period that applies to you, if you are a * GST instalment payer only for part of a * financial year, is that part of that financial year.

  (3)   A tax period under this section is an instalment tax period .

  (4)   This section has effect despite sections   27 - 5, 27 - 10, 27 - 15 and 27 - 30 (which are about tax periods).