Commonwealth Consolidated Acts

A NEW TAX SYSTEM (GOODS AND SERVICES TAX) ACT 1999 - SECT 27.35

  (1)   You may change the day in each year on which a tax period would otherwise end. However:

  (a)   the day must be no more than 7 days earlier or 7 days later than a day on which one of the tax periods that applies to you would otherwise end if the days were not changed; and

  (b)   the change must be consistent with the commercial accounting periods that apply to you.

  (2)   If the day on which a tax period ends is changed, the next tax period starts on the day after that day.