Document ID: chunk:federal_register_of_legislation:C2025C00126:clause:3_4:p1
Version: federal_register_of_legislation:C2025C00126
Segment Type: clause
Provision Reference: sch 3 cl 4 (pt 1/24)
Character Range: 794007–796774

4                                  30 June                                           the following 28 July

Note: Section 255‑10 in Schedule 1 to the Taxation Administration Act 1953 allows the Commissioner to defer the time for payment of the GST instalment.
 (5) You may pay by *electronic payment any *GST instalments payable by you. Any amounts of a GST instalment that you do not pay by electronic payment must be paid in the manner determined in writing by the Commissioner.

162‑75  Giving notices relating to GST instalments
  If:
 (a) you are required to pay a *GST instalment; and
 (b) the Commissioner requires you to give a notice relating to the GST instalment;
you must give the notice to the Commissioner, in the *approved form, on or before the day on which you are required to pay the GST instalment.

162‑80  Certain entities pay only 2 GST instalments for each year
 (1) If:
 (a) you are a *GST instalment payer for an *instalment tax period; and
 (b) subsection (2) applies to you;
section 162‑70 has effect as if you are only required to pay *GST instalments for the last 2 *GST instalment quarters for the instalment tax period.
 (2) This subsection applies to you if:
 (a) both of the following conditions are satisfied:
 (i) you are carrying on a *primary production business in an *income year corresponding to, or ending during, the *instalment tax period;
 (ii) the *assessable income that was *derived from, or resulted from, a primary production business that you carried on in the *base year exceeded the amount of so much of your deductions in that year that are reasonably related to that income; or
 (b) both of the following conditions are satisfied:
 (i) you are a *special professional in an income year corresponding to, or ending during, the instalment tax period;
 (ii) your *assessable professional income in the base year exceeded the amount of so much of your deductions in that year that are reasonably related to that income.

162‑85  A GST instalment payer's concluding tax period
 (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)