Document ID: chunk:federal_register_of_legislation:C2004C01268:clause:1_47
Version: federal_register_of_legislation:C2004C01268
Segment Type: clause
Provision Reference: sch 1 cl 47
Character Range: 45265–45965

47  Section 195‑1
Insert:

GST instalment shortfall, for a *GST instalment quarter in relation to which you are liable to pay a penalty under Subdivision 162‑D, means:
 (a) if the penalty is payable under section 162‑175—the amount worked out under subsection 162‑175(3) or paragraph 162‑175(4)(c) (whichever is applicable); or
 (b) if the penalty is payable under section 162‑180—the amount worked out under subsection 162‑180(3) or paragraph 162‑180(4)(c) (whichever is applicable); or
 (c) if the penalty is payable under section 162‑185—the amount worked out under subsection 162‑185(3).

Note: The amount of a GST instalment shortfall can be reduced under section 162‑195 or 162‑200 (or both).