Document ID: chunk:federal_register_of_legislation:C2010C00715:clause:1_4:p5
Version: federal_register_of_legislation:C2010C00715
Segment Type: clause
Provision Reference: sch 1 cl 4 (pt 5/20)
Character Range: 131085–133734

not pay instalments, it is necessary to work out the partnership's instalment income in order to work out instalments payable by the partners. See Subdivision 45‑H.

Subdivision 45‑D—Quarterly payers who pay on the basis of GDP‑adjusted notional tax

Table of sections

45‑125 Choosing to pay quarterly instalments on basis of GDP‑adjusted notional tax
45‑130 Individual stops paying on basis of GDP‑adjusted notional tax if he or she chooses to stop, or becomes GST registered
45‑135 Individual stops paying on basis of GDP‑adjusted notional tax if his or her notional tax is less than $8,000

45‑125  Choosing to pay quarterly instalments on basis of GDP‑adjusted notional tax

 (1) You may choose to pay quarterly instalments on the basis of your *GDP‑adjusted notional tax if you are an individual and, at the end of the first *instalment quarter in an income year for which you are liable to pay an instalment, 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 $8,000 or more.

Note: This means that you cannot choose to pay quarterly instalments on the basis of your GDP‑adjusted notional tax if you are eligible to pay annual instalments.

 (2) You must make the choice by notifying the Commissioner, in the *approved form, on or before the day on which that instalment is due.

 (3) You are a quarterly payer who pays on the basis of GDP‑adjusted notional tax if you satisfy the conditions in subsection (1), and you choose to pay quarterly instalments on the basis of your *GDP‑adjusted notional tax. You are taken to have become such a payer just before the end of that *instalment quarter.

Note: You stop being such a payer if section 45‑130 or 45‑135 applies to you.

45‑130  Individual stops paying on basis of GDP‑adjusted notional tax if he or she chooses to stop, or becomes GST registered

 (1) You stop being a *quarterly payer who pays on the basis of GDP‑adjusted notional tax if, during an *instalment quarter in an income year:
 (a) you choose to stop being a *quarterly payer who pays on the basis of GDP‑adjusted notional tax; or
 (b) you become registered, or *required to be registered, under Part 2‑5 of the *GST Act; or
 (c) you become a partner in a partnership that is registered, or required to be registered, under that Part; or
 (d) a partnership in which you are a partner becomes registered, or required to be registered, under that Part.