Document ID: chunk:federal_register_of_legislation:C2018A00121:clause:2_3:p2
Version: federal_register_of_legislation:C2018A00121
Segment Type: clause
Provision Reference: sch 2 cl 3 (pt 2/2)
Character Range: 15678–16817

in Schedule 1 to the Taxation Administration Act 1953, repeal or amend the determination as if the Commissioner had made it by legislative instrument under subsection 396‑70(4).
Note: See subsection 33(3) of the Acts Interpretation Act 1901. The legislative instrument would provide that the determination under subitem (1) is repealed or amended.
(6) For paragraphs (2)(c) and (3)(c), giving a report for the transaction is sufficient evidence of the making of the choice.

Definitions
(7) In this item:
amended provision means section 396‑55 in Schedule 1 to the Taxation Administration Act 1953, as amended by item 1 of this Schedule.
relevant GST turnover, as at the end of a reporting period, means:
 (a) if the entity has been making supplies for at least 12 months—the entity's current GST turnover as at the end of the reporting period; or
 (b) otherwise—the entity's projected GST turnover, within the meaning of the A New Tax System (Goods and Services Tax) Act 1999, as at the end of the reporting period.

[Minister's second reading speech made in—
House of Representatives on 7 February 2018
Senate on 18 June 2018]

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