Document ID: chunk:federal_register_of_legislation:C2004C01268:clause:2_14:p3
Version: federal_register_of_legislation:C2004C01268
Segment Type: clause
Provision Reference: sch 2 cl 14 (pt 3/4)
Character Range: 63765–66316

the next income year if you fail to satisfy paragraph (1)(a), (b) or (c) at the end of that quarter.

 (4) In addition, you stop being such a payer at the start of the first *instalment quarter in the next income year if, at the end of that quarter, you become:
 (a) a *quarterly payer who pays on the basis of instalment income; or
 (b) an *annual payer.

45‑132  Quarterly payer who pays 4 instalments annually on the basis of GDP‑adjusted notional tax

 (1) You are a quarterly payer who pays 4 instalments annually on the basis of GDP‑adjusted notional tax if, at the end of the *starting instalment quarter in an income year:
 (a) you satisfy the conditions to be a *quarterly payer who pays on the basis of GDP‑adjusted notional tax under section 45‑130; and
 (b) you do not satisfy the conditions to be a *quarterly payer who pays 2 instalments annually on the basis of GDP‑adjusted notional tax under section 45‑134.

How and when you become such a payer

 (2) You become such a payer just before the end of the *starting instalment quarter if paragraphs (1)(a) and (b) are satisfied.

How and when you stop being such a payer

 (3) You stop being a *quarterly payer who pays 4 instalments annually on the basis of GDP‑adjusted notional tax at the start of the first *instalment quarter in the next income year if you fail to satisfy paragraphs (1)(a) and (b) at the end of that quarter.

 (4) In addition, you stop being such a payer at the start of the first *instalment quarter in the next income year if, at the end of that quarter, you become:
 (a) a *quarterly payer who pays on the basis of instalment income; or
 (b) an *annual payer.

45‑134  Quarterly payer who pays 2 instalments annually on the basis of GDP‑adjusted notional tax

 (1) You are a quarterly payer who pays 2 instalments annually on the basis of GDP‑adjusted notional tax if, at the end of the *starting instalment quarter in an income year, you are an individual that is a *quarterly payer who pays on the basis of GDP‑adjusted notional tax and one or more of the following paragraphs apply:
 (a) both of the following conditions are satisfied:
 (i) you are carrying on a *primary production business in the income year;
 (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;
 (b) both of the following conditions are satisfied:
 (i) you are a *special professional in the