Commonwealth Consolidated Acts

A NEW TAX SYSTEM (GOODS AND SERVICES TAX) ACT 1999 - SECT 162.85

  (1)   If any of the following occurs:

  (a)   a * GST instalment payer who is an individual dies;

  (b)   a GST instalment payer ceases to * carry on any * enterprise;

  (c)   a GST instalment payer's * registration is cancelled;

during an * instalment tax period applying to the GST instalment payer, the instalment tax period is not affected by the death, cessation or cancellation.

  (2)   However, any requirement to pay * GST instalments for a * GST instalment quarter of the * instalment tax period does not apply if the GST instalment quarter commences after:

  (a)   the death or cessation occurred; or

  (b)   the cancellation took effect.

  (3)   This section has effect despite sections   27 - 40 (which is about an entity's concluding tax period) and 162 - 70.

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

  (a)   section   27 - 39; or

  (b)   if a * GST instalment payer for any reason ceases to exist--section   27 - 40.