Document ID: chunk:federal_register_of_legislation:C2025C00180:schedule:1:p20
Version: federal_register_of_legislation:C2025C00180
Segment Type: schedule
Provision Reference: sch 1 (pt 20/27)
Character Range: 753122–755863

the basis of the information provided by the Commissioner to the entity before that start of that day; and
 (b) in determining on that day whether an entity has an obligation mentioned in paragraph (2)(a), disregard any creation or removal of such an obligation after that day (even if that change is made retrospective to that day).
 (4) An entity's MPR test day for an income year is:
 (a) if the Commissioner gives the entity an instalment rate for the first time during an *instalment month in the income year—the last day of that month; or
 (b) otherwise—the first day of the third last month of the previous income year.
 (5) Subsection (6) applies if, disregarding that subsection, an entity does not satisfy the requirement in subsection (1) for an income year.
 (6) For the purposes of this section, in determining the entity's base assessment instalment income (within the meaning of section 45‑320) for the *base year:
 (a) disregard subsection 45‑120(2C); and
 (b) disregard paragraph (3)(a) of this section, to the extent that that paragraph relates to the operation of subsection 45‑120(2C).
 (7) If, because of subsection (6), the entity satisfies the requirement in subsection (1) for an income year, the entity must give the Commissioner a notice in the *approved form in respect of that income year before:
 (a) if the *starting instalment month in the income year is determined under paragraph 45‑136(2)(a)—the end of that starting instalment month; or
 (b) if the starting instalment month in the income year is determined under paragraph 45‑136(2)(b)—the start of that starting instalment month.

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 stops being annual payer if involved with GST registration or instalment group
45‑155 Entity stops being annual payer if notional tax is $8,000 or more, or entity chooses to pay quarterly
45‑160 Head company of a consolidated group 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 *starting instalment quarter, you satisfy the following conditions:
 (a) you are neither registered, nor *required to be registered, under Part 2‑5 of the *GST Act; and
 (b) you are not a partner in a partnership that is registered, or required to be registered, under that Part; and
 (c) your most recent *notional tax notified by the Commissioner is less than $8,000; and
 (d) in the case of a company—the company is not a *participant in a *GST joint venture under Division 51 of that Act; and