Document ID: chunk:federal_register_of_legislation:C2004C01268:clause:1_29:p5
Version: federal_register_of_legislation:C2004C01268
Segment Type: clause
Provision Reference: sch 1 cl 29 (pt 5/14)
Character Range: 18759–21698

162‑70  Payment of GST instalments

 (1) If you are a *GST instalment payer, you must, for each *instalment tax period applying to you, pay to the Commissioner an amount (your GST instalment) for each *GST instalment quarter of the instalment tax period.

Note 1: GST instalments are worked out under Subdivision 162‑C.

Note 2: Entities covered by section 162‑80 only pay GST instalments on the last 2 GST instalment quarters.

 (2) These are the GST instalment quarters for an *instalment tax period:
 (a) the 3 months ending on 30 September during the period;
 (b) the 3 months ending on 31 December during the period;
 (c) the 3 months ending on 31 March during the period;
 (d) the 3 months ending on 30 June during the period.

 (3) However, if the *instalment tax period is only part of a *financial year, any 3 month periods referred to in subsection (2) that do not form part of the instalment tax period are not GST instalment quarters of the instalment tax period.

 (4) You must pay your *GST instalment to the Commissioner as follows:

When GST instalments must be paid
                                   Item  If the GST instalment quarter ends on this day …  Pay the GST instalment to the Commissioner on or before this day:
                                   1     30 September                                      the following 28 October
                                   2     31 December                                       the following 28 February
                                   3     31 March                                          the following 28 April
                                   4     30 June                                           the following 28 July

Note: Section 255‑10 in Schedule 1 to the Taxation Administration Act 1953 allows the Commissioner to defer the time for payment of the GST instalment.

 (5) You may pay by *electronic payment any *GST instalments payable by you. Any amounts of a GST instalment that you do not pay by electronic payment must be paid in the manner determined in writing by the Commissioner.

162‑75  Giving notices relating to GST instalments

  If:
 (a) you are required to pay a *GST instalment; and
 (b) the Commissioner requires you to give a notice relating to the GST instalment;
you must give the notice to the Commissioner, in the *approved form, on or before the day on which you are required to pay the GST instalment.

162‑80  Certain entities pay only 2 GST instalments for each year

 (1) If:
 (a) you are a *GST instalment payer for an *instalment tax period; and
 (b) subsection (2) applies to you;
section 162‑70 has effect as if you are only required to pay *GST instalments for the last 2 *GST instalment quarters for the instalment tax period.

 (2) This subsection applies to you if:
 (a) both of the following conditions are satisfied:
 (i) you are carrying on a *primary production business in an *income year corresponding to, or