Document ID: chunk:federal_register_of_legislation:C2004A01369:clause:1_11:p4
Version: federal_register_of_legislation:C2004A01369
Segment Type: clause
Provision Reference: sch 1 cl 11 (pt 4/5)
Character Range: 11634–14223

(1) If the *net amount for an *annual tax period applying to you is greater than zero, you must pay the net amount to the Commissioner on or before the day on which, under section 151‑45, you are required to give to the Commissioner your *GST return for the annual tax period.

 (2) This section has effect despite section 33‑5 (which is about when payments of net amounts must be made).

151‑55  An entity's concluding annual tax period

 (1) If any of the following occurs:
 (a) an entity who is an individual dies;
 (b) an entity ceases to *carry on any *enterprise;
 (c) an entity's *registration is cancelled;
during an *annual tax period applying to the entity, the annual tax period is not affected by the death, cessation or cancellation.

 (2) This section has effect despite section 27‑40 (which is about an entity's concluding tax period).

 (3) However, this section does not affect the application of section 27‑40 if:
 (a) an entity who is an individual becomes bankrupt; or
 (b) an entity that is not an individual goes into liquidation or receivership or for any reason ceases to exist.

151‑60  The effect of bankruptcy, liquidation or receivership etc.

 (1) If:
 (a) an entity who is an individual becomes bankrupt; or
 (b) an entity that is not an individual goes into liquidation or receivership or for any reason ceases to exist;
the entity must give the *GST return, for the *annual tax period that ends because of the bankruptcy, liquidation, receivership or cessation, to the Commissioner:
 (c) on or before the 21st day of the month following the end of the annual tax period; or
 (d) within such further period as the Commissioner allows.

 (2) If the *net amount for the *annual tax period is greater than zero, the entity must pay the net amount to the Commissioner on or before the 21st day of the month following the end of the annual tax period.

 (3) This section has effect despite sections 151‑45 (which is about when GST returns for annual tax periods must be given) and 151‑50 (which is about when payments of net amounts for annual tax periods must be made).

151‑65  The effect of changing the membership of GST groups—end of the annual tax period

 (1) If you are a *member of a *GST group whose membership changes during an *annual tax period applying to you, the annual tax period ends when the membership of the GST group changes.

 (2) The *representative member of the *GST group must give the *GST return for the *annual tax period to the Commissioner:
 (a) on or before the 21st day of the month following the end of the annual tax period;