Document ID: chunk:federal_register_of_legislation:C2025C00180:schedule:1:p15
Version: federal_register_of_legislation:C2025C00180
Segment Type: schedule
Provision Reference: sch 1 (pt 15/27)
Character Range: 741501–744024

on which the instalment for that quarter is due (disregarding subsection 45‑112(3)).

How and when you stop being such a payer
 (5) If you are a *quarterly payer who pays on the basis of instalment income because of paragraph (1)(a), you stop being such a payer at the start of the first *instalment quarter in the next income year if:
 (a) at the end of that quarter, you become:
 (i) a quarterly payer who pays on the basis of GDP‑adjusted notional tax; or
 (ii) an *annual payer; or
 (b) at the end of the first *instalment month of that quarter, you become a *monthly payer.

No quarterly payer status in quarter if monthly payer in following month
 (5A) Despite subsections (1) and (3), you cannot be a *quarterly payer who pays on the basis of instalment income at a time in an *instalment quarter if you are a *monthly payer at a time in the first *instalment month that ends after that quarter.
 (6) If you are a *quarterly payer who pays on the basis of instalment income because of paragraph (1)(b), you stop being such a payer at the start of the first *instalment quarter in the next income year if:
 (a) you become an *annual payer at the end of that quarter; or
 (b) both of the following conditions apply:
 (i) you choose not to be a quarterly payer who pays on the basis of instalment income;
 (ii) you become a *quarterly payer who pays on the basis of GDP‑adjusted notional tax at the end of that quarter.
 (7) You may only make the choice mentioned in paragraph (6)(b) if you would otherwise satisfy paragraph 45‑130(1)(a), (b), (c) or (d) at the end of that quarter. You must make that choice by notifying the Commissioner in the *approved form on or before the day on which the instalment for that quarter is due (disregarding subsection 45‑112(3)).

45‑130  Quarterly payer who pays on the basis of GDP‑adjusted notional tax
 (1) You are a quarterly payer who pays on the basis of GDP‑adjusted notional tax if, at the end of the *starting instalment quarter in an income year:
 (a) you are an individual who is not an *annual payer, a *monthly payer or a *quarterly payer who pays on the basis of instalment income; or
 (b) you are a *self‑assessment entity:
 (i) that is not an *annual payer or a *quarterly payer who pays on the basis of instalment income; and
 (ii) your base assessment instalment income (within the meaning of section 45‑320) for the *base year is $2 million or less; or
 (c) you satisfy all of the following conditions:
 (i) you are a self‑assessment entity whose base assessment