Commonwealth Consolidated Acts

A NEW TAX SYSTEM (GOODS AND SERVICES TAX) ACT 1999 - SECT 48.71

  (1)   If an entity that gives a notice to the Commissioner under paragraph   48 - 5(1)(c) or subsection   48 - 70(2) applies, in the * approved form, to the Commissioner for approval of a day specified in the notice, the Commissioner must:

  (a)   approve, for the purposes of subsection   48 - 5(4) or 48 - 70(4), the day specified in the notice; or

  (b)   approve another day for those purposes.

Note:   Approving another day under paragraph   (b) is a reviewable GST decision (see Subdivision   110 - F in Schedule   1 to the Taxation Administration Act 1953 ).

  (2)   The Commissioner may revoke an approval given under subsection   (1) if the Commissioner is satisfied that the day approved is not appropriate.

Note:   Revoking an approval under this subsection is a reviewable GST decision (see Subdivision   110 - F in Schedule   1 to the Taxation Administration Act 1953 ).

  (3)   The Commissioner must give notice, to the entity referred to in subsection   (1), of any decision that he or she makes under this section.