Document ID: chunk:federal_register_of_legislation:F2020C00965:body:0:p9
Version: federal_register_of_legislation:F2020C00965
Segment Type: other
Provision Reference: 
Character Range: 21723–24619

The entity's business had temporarily ceased trading due to an event or circumstances outside the ordinary course of the entity's business;

(b) trading temporarily ceased for a week or more;

         (c) some or all of the relevant comparison period occurred during the time in which the entity's business had temporarily ceased trading; and

(d) the entity's business resumed trading before 28 September 2020.

(2) The first alternative test is:

    The entity uses the current GST turnover for the same period in the year immediately before the business temporarily ceased trading instead of the entity's current GST turnover for a relevant comparison period for the purposes of section 8, section 8A and section 8B of the Rules.

(3)  The second alternative test is:

         (a)  if the relevant comparison period is a quarter, then the entity uses the total of the entity's current GST turnover in the 3 months immediately before the month in which the business temporarily ceased trading instead of the entity's current GST turnover for a relevant comparison period, that is a quarter, for the purposes of section 8, section 8A and section 8B of the Rules, or

         (b) if the relevant comparison period is a calendar month, then the entity uses the current GST turnover from the month immediately before the month in which the business temporarily ceased trading instead of the entity's current GST turnover for a relevant comparison period for the purposes of section 8 and section 8A of the Rules.

Note: Paragraph (b) is only applicable for the decline in turnover test under section 8 of the Rules including section 8A of the Rules (if applicable).

(4)  For the purposes of subsections (2) and (3), if the entity:

         (a)  qualified for the ATO's Bushfires 2019-20 lodgment and payment deferrals, then the entity may exclude the months covered by the Bushfires 2019-20 lodgment and payment deferrals and use the nearest month before or after the period, quarter or month as appropriate, unless the months covered by the concession are the only months available, or

         (b)  received Drought Help concessions, then the entity may exclude the months covered by the Drought Help concessions and use the nearest month before or after the period, quarter or month as appropriate, unless the months covered by the concession are the only months available.

Endnotes

Endnote 1—About the endnotes

The endnotes provide information about this compilation and the compiled law.

The following endnotes are included in every compilation:

Endnote 1—About the endnotes

Endnote 2—Abbreviation key

Endnote 3—Legislation history

Endnote 4—Amendment history

Abbreviation key—Endnote 2

The abbreviation key sets out abbreviations that may be used in the endnotes.

Legislation history and amendment history—Endnotes 3 and 4

Amending laws are annotated in the