Document ID: chunk:federal_register_of_legislation:C2010C00715:clause:1_4:p6
Version: federal_register_of_legislation:C2010C00715
Segment Type: clause
Provision Reference: sch 1 cl 4 (pt 6/20)
Character Range: 133506–136207

or
 (c) you become a partner in a partnership that is registered, or required to be registered, under that Part; or
 (d) a partnership in which you are a partner becomes registered, or required to be registered, under that Part.

 (2) You must work out the amount of your instalment for that *instalment quarter, and each later instalment quarter, under section 45‑110 (on the basis of your instalment income and the applicable instalment rate).

 (3) You may again become a *quarterly payer who pays on the basis of GDP‑adjusted notional tax if:
 (a) you again satisfy the conditions in section 45‑125; and
 (b) you again choose under that section to pay quarterly instalments on the basis of your *GDP‑adjusted notional tax.

Note: You cannot so choose until the next income year.

45‑135  Individual stops paying on basis of GDP‑adjusted notional tax if his or her notional tax is less than $8,000

 (1) If, during an income year the Commissioner notifies you of your *notional tax, and it is less than $8,000, you stop being a *quarterly payer who pays on the basis of GDP‑adjusted notional tax at the start of the next income year.

 (2) You must work out the amount of your instalment for the first *instalment quarter of that next income year, and each later instalment quarter, under section 45‑110 (on the basis of your instalment income and the applicable instalment rate).

 (3) You may again become a *quarterly payer who pays on the basis of GDP‑adjusted notional tax if:
 (a) you again satisfy the conditions in section 45‑125; and
 (b) you again choose under that section to pay quarterly instalments on the basis of your *GDP‑adjusted notional tax.

Note: You can so choose on or before the day on which your first instalment for that next income year is due.

Subdivision 45‑E—Annual payers

Table of sections

When you start and stop being an annual payer

45‑140 Choosing to pay annual instalments
45‑145 Meaning of instalment group
45‑150 Entity that becomes GST registered, participant in GST joint venture, or company group member, stops being annual payer
45‑155 Entity stops being annual payer if notional tax is $8,000 or more, or entity chooses to pay quarterly

Special rules for 2000‑01 and 2001‑02

45‑170 Due date for annual instalment
45‑175 Amount of annual instalment
45‑180 Entity that becomes GST registered, participant in GST joint venture, or company group member stops being annual payer

When you start and stop being an annual payer

45‑140  Choosing to pay annual instalments

 (1) You may choose to pay instalments annually instead of quarterly if, at the end of the first *instalment quarter in an income year for which you would otherwise be liable to