Document ID: chunk:federal_register_of_legislation:C2004C01268:clause:1_29:p7
Version: federal_register_of_legislation:C2004C01268
Segment Type: clause
Provision Reference: sch 1 cl 29 (pt 7/14)
Character Range: 23971–26529

such further period as the Commissioner allows.

 (2) If the *net amount for the *instalment tax period is greater than zero, the *GST instalment payer must pay the net amount to the Commissioner on or before the 21st day of the month following the end of the instalment tax period.

 (3) This section has effect despite sections 162‑60 (which is about when GST instalment payers must give GST returns) and 162‑110 (which is about when GST instalment payers must pay net amounts).

162‑95  The effect of changing the membership of GST groups

 (1) If you are:
 (a) a *GST instalment payer; and
 (b) a *member of a *GST group whose membership changes during an *instalment tax period applying to you;
the instalment tax period ends when the membership of the GST group changes.

 (2) The *representative member of the *GST group must give the *GST return for the *instalment tax period to the Commissioner:
 (a) on or before the 21st day of the month following the end of the instalment tax period; or
 (b) within such further period as the Commissioner allows.

 (3) If the *net amount for the *instalment tax period is greater than zero, the *representative member of the *GST group must pay the net amount to the Commissioner on or before the 21st day of the month following the end of the instalment tax period.

 (4) This section has effect despite sections 162‑55 (which is about tax periods for GST instalment payers), 162‑60 (which is about when GST instalment payers must give GST returns) and 162‑110 (which is about when GST instalment payers must pay net amounts).

162‑100  General interest charge on late payment

  If you fail to pay some or all of a *GST instalment by the time by which the GST instalment is due to be paid, you are liable to pay the *general interest charge on the unpaid amount for each day in the period that:
 (a) started at the beginning of the day by which the GST instalment was due to be paid; and
 (b) finishes at the end of the last day on which, at the end of the day, any of the following remains unpaid:
 (i) the GST instalment;
 (ii) general interest charge on any of the instalment.

162‑105  Net amounts for GST instalment payers

  If you are a *GST instalment payer, your *net amount for an *instalment tax period is the difference between:
 (a) the amount that, but for this section, would be your *net amount under section 17‑5 or 126‑5 for the instalment tax period; and
 (b) the sum of all of the *GST instalments payable by you for the *GST instalment quarters of the instalment tax period.

162‑110