Document ID: chunk:federal_register_of_legislation:C2025C00180:schedule:1:p23
Version: federal_register_of_legislation:C2025C00180
Segment Type: schedule
Provision Reference: sch 1 (pt 23/27)
Character Range: 760285–762997

year (the current year) if:
 (a) after the end of the first instalment quarter in the previous income year and before the end of the first instalment quarter in the current year, the Commissioner notifies you of your *notional tax, and it is $8,000 or more; or
 (b) you choose to pay instalments quarterly instead of annually.
 (1A) You must make the choice by notifying the Commissioner, in the *approved form, on or before the day on which the instalment for the first *instalment quarter for the current year would otherwise be due (disregarding subsection 45‑112(3)).
 (2) You must pay an instalment for the first *instalment quarter of the next income year, and later instalment quarters, in accordance with Subdivision 45‑B.
 (3) You must still pay an annual instalment for the previous income year referred to in subsection (1).
 (4) You may again become an *annual payer at the end of the first *instalment quarter in a later income year if:
 (a) at that time, you satisfy the conditions in subsection 45‑140(1) or in paragraphs 45‑140(1A)(c), (d), (e) and (f); and
 (b) you again choose under section 45‑140 to pay annually.

45‑160  Head company of a consolidated group stops being annual payer
 (1) You stop being an *annual payer at the start of an *instalment quarter if Subdivision 45‑Q starts applying to you as the *head company of a *consolidated group during that quarter.
 (2) You must pay an instalment for that *instalment quarter and later instalment quarters in accordance with Subdivision 45‑B.
 (3) You may again become an *annual payer if:
 (a) after you stop being an *annual payer under subsection (1), you satisfy the conditions in subsection 45‑140(1) or (1A); and
 (b) you again choose under section 45‑140 to pay instalments annually.
Note: You cannot choose to be an annual payer while you are the head company of a consolidated group to which Subdivision 45‑Q applies: see section 45‑720.

Subdivision 45‑F—Varying the instalment rate for quarterly or monthly payers who pay on the basis of instalment income

Table of sections
45‑200 Application
45‑205 Choosing a varied instalment rate
45‑210 Notifying Commissioner of varied instalment rate
45‑215 Credit on using varied rate in certain cases

45‑200  Application
 (1) This Subdivision applies if you are a *quarterly payer who pays on the basis of instalment income at the end of an *instalment quarter.
 (2) If you are a *monthly payer, this Subdivision has effect in relation to you in respect of an *instalment month in the same way in which it has effect in relation to a *quarterly payer in respect of an *instalment quarter.

45‑205  Choosing a varied instalment rate
 (1) You may choose an instalment rate for working