Document ID: chunk:federal_register_of_legislation:C2025C00180:schedule:1:p21
Version: federal_register_of_legislation:C2025C00180
Segment Type: schedule
Provision Reference: sch 1 (pt 21/27)
Character Range: 755647–758202

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
 (e) in the case of a company—the company is not part of an *instalment group.
Note: You cannot choose to be an annual payer while you are the head company of a consolidated group to which Subdivision 45‑Q applies: see section 45‑720.
 (1A) You may also choose at a time (subject to subsection (2)) to pay instalments annually instead of quarterly if at that time either:
 (a) an *annual tax period election of yours has effect and, if you are a partner in one or more partnerships that are registered under Part 2‑5 of the *GST Act, an annual tax period election of each of those partnerships has effect; or
 (b) all of the following subparagraphs apply:
 (i) you are neither registered, nor *required to be registered, under Part 2‑5 of the GST Act;
 (ii) you are a partner in one or more partnerships that are registered under that Part;
 (iii) an annual tax period election of each of those partnerships has effect;
and at the end of the *starting instalment quarter, you satisfy the following conditions:
 (c) you are not a partner in a partnership that is required to be registered under Part 2‑5 of the GST Act;
 (d) your most recent *notional tax notified by the Commissioner is less than $8,000;
 (e) in the case of a company—the company is not a *participant in a *GST joint venture under Division 51 of that Act;
 (f) in the case of a company—the company is not part of an *instalment group.
Note: You cannot choose to be an annual payer while you are the head company of a consolidated group to which Subdivision 45‑Q applies: see section 45‑720.
 (2) You must make the choice under subsection (1) or (1A) by notifying the Commissioner, in the *approved form, on or before the day on which that instalment would otherwise be due.
 (3) You become an annual payer just before the end of the *starting instalment quarter if:
 (a) you satisfy the conditions in subsection (1) or (1A); and
 (b) you choose to pay instalment annually.

45‑145  Meaning of instalment group
 (1) An instalment group consists of:
 (a) a company:
 (i) that has *majority control of at least one other company; but
 (ii) of which no other company has *majority control; and
 (b) any other company of which the first‑mentioned company has *majority control.
 (2) A company has majority control of another company if, and only if:
 (a) the first company is