Document ID: chunk:federal_register_of_legislation:C2004C01268:clause:2_6
Version: federal_register_of_legislation:C2004C01268
Segment Type: clause
Provision Reference: sch 2 cl 6
Character Range: 55647–57853

6  Section 45‑60 in Schedule 1
Repeal the section, substitute:

45‑60  Meaning of instalment quarter

  For an income year (whether it ends on 30 June or not), the following are the instalment quarters:
 (a) your first instalment quarter consists of the first 3 months of the income year; and
 (b) your second instalment quarter consists of the fourth, fifth and sixth months of the income year; and
 (c) your third instalment quarter consists of the seventh, eighth and ninth months of the income year; and
 (d) your fourth instalment quarter consists of the tenth, 11th and 12th months of the income year.

45‑61  When quarterly instalments are due—payers of quarterly instalments

You are not a deferred BAS payer

 (1) Subject to subsection (2), if you are:
 (a) a *quarterly payer who pays on the basis of instalment income; or
 (b) a *quarterly payer who pays 4 instalments annually on the basis of GDP‑adjusted notional tax; or
 (c) a *quarterly payer who pays 2 instalments annually on the basis of GDP‑adjusted notional tax;
the instalment for an *instalment quarter that you are liable to pay is due on or before the 21st day of the month after the end of that quarter.

Note: You are only liable to pay instalments for the third and fourth instalment quarters in an income year if you are a quarterly payer who pays 2 instalments annually on the basis of GDP‑adjusted notional tax. See section 45‑50.

You are a deferred BAS payer

 (2) If:
 (a) subsection (1) would, but for this subsection, have applied to you in relation to an *instalment quarter; but
 (b) you are a *deferred BAS payer on the 21st day of the month after the end of that quarter;
the instalment for that quarter is instead due on or before:
 (c) the 28th day of the month after the end of that quarter unless all or a part of a December falls within the last month of that quarter; or
 (d) if all or a part of a December falls within the last month of that quarter—the next 28 February.

Note: You are only liable to pay instalments for the third and fourth instalment quarters in an income year if you are a quarterly payer who pays 2 instalments annually on the basis of GDP‑adjusted notional tax. See section 45‑50.