Document ID: chunk:federal_register_of_legislation:C2004C01268:clause:2_14:p4
Version: federal_register_of_legislation:C2004C01268
Segment Type: clause
Provision Reference: sch 2 cl 14 (pt 4/4)
Character Range: 66092–67296

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 income year;
 (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.

Note: This section may apply to you if you are a multi‑rate trustee. See section 45‑468.

How and when you become such a payer

 (2) You become such a payer just before the end of the *starting instalment quarter if subsection (1) is satisfied.

How and when you stop being such a payer

 (3) You stop being a *quarterly payer who pays 2 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 subsection (1) at the end of that quarter.

 (4) In addition, you also 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.