Document ID: chunk:federal_register_of_legislation:C2025C00126:clause:3_16:p43
Version: federal_register_of_legislation:C2025C00126
Segment Type: clause
Provision Reference: sch 3 cl 16 (pt 43/58)
Character Range: 746281–748956

supplies under paragraph 188‑15(3)(b) or 188‑20(3)(b) (which are about supplies of rights or options offshore).

151‑10  Making an annual tax period election
 (1) You may, by notifying the Commissioner in the *approved form, make an *annual tax period election if you are eligible under section 151‑5.
 (2) Your election takes effect from:
 (a) the start of the earliest tax period for which, on the day on which you make your election, your *GST return is not yet due (taking into account any further period the Commissioner allows under paragraph 31‑8(1)(b) or 31‑10(1)(b)); or
 (b) the start of such other tax period as the Commissioner allows, in accordance with a request you make in the *approved form.
Note: Refusing a request to allow your election to take effect from the start of another tax period is a reviewable GST decision (see Subdivision 110‑F in Schedule 1 to the Taxation Administration Act 1953).

151‑15  Annual tax period elections by representative members of GST groups
 (1) A *representative member of a *GST group cannot make an *annual tax period election unless each *member of the GST group is eligible under section 151‑5.
 (2) If the *representative member makes such an election, the *annual tax period applying to the representative member also applies to each member.

151‑20  When you must make your annual tax period election
 (1) You must make your *annual tax period election:
 (a) if the tax periods applying to you are *quarterly tax periods—on or before 28 October in the *financial year to which it relates; or
 (b) in any other case—on or before 21 August in that financial year.
 (2) However:
 (a) if:
 (i) during the *financial year but after 28 October in that financial year, you became eligible under section 151‑5 to make an *annual tax period election; and
 (ii) this subsection had not applied to you before; and
 (iii) your *current GST lodgment record is not more than 6 months; or
 (b) if the financial year started on 1 July 2004 and the Commissioner determines in writing that this paragraph applies;
you must make your election on or before the first day, after becoming eligible under section 151‑5 or after the Commissioner's determination, on which you would, but for this Division, be required to give a *GST return to the Commissioner.
 (3) The Commissioner may, in accordance with a request you make in the *approved form, allow you to make your election on a specified day occurring after the day provided for under subsection (1) or (2).
Note: Refusing a request to be allowed to make an election on a specified day under this subsection is a reviewable GST decision (see Subdivision 110‑F in Schedule 1 to the