Document ID: chunk:federal_register_of_legislation:C2025C00180:schedule:1:p18
Version: federal_register_of_legislation:C2025C00180
Segment Type: schedule
Provision Reference: sch 1 (pt 18/27)
Character Range: 748409–750996

45‑134  Quarterly payer who pays 2 instalments annually on the basis of GDP‑adjusted notional tax
 (1) You are a quarterly payer who pays 2 instalments annually on the basis of GDP‑adjusted notional tax if, at the end of the *starting instalment quarter in an income year, you are an individual that is a *quarterly payer who pays on the basis of GDP‑adjusted notional tax and one or more of the following paragraphs apply:
 (a) both of the following conditions are satisfied:
 (i) you are carrying on a *primary production business in the income year;
 (ii) the assessable income that was *derived from, or resulted from, a primary production business that you carried on in the *base year exceeded the amount of so much of your deductions in that year that are reasonably related to that income;
 (b) both of the following conditions are satisfied:
 (i) you are a *special professional in the income year;
 (ii) your *assessable professional income in the base year exceeded the amount of so much of your deductions in that year that are reasonably related to that income.
Note: This section may apply to you if you are a multi‑rate trustee. See section 45‑468.

How and when you become such a payer
 (2) You become such a payer just before the end of the *starting instalment quarter if subsection (1) is satisfied.

How and when you stop being such a payer
 (3) You stop being a *quarterly payer who pays 2 instalments annually on the basis of GDP‑adjusted notional tax at the start of the first *instalment quarter in the next income year if you fail to satisfy subsection (1) at the end of that quarter.
 (4) In addition, you stop being such a payer at the start of the first *instalment quarter in the next income year if:
 (a) at the end of that quarter, you become:
 (i) a *quarterly payer who pays on the basis of instalment income; or
 (ii) an *annual payer; or
 (b) at the end of the first *instalment month of that quarter, you become a *monthly payer.

Subdivision 45‑DA—Monthly payers

Table of sections
45‑136 Monthly payer
45‑138 Monthly payer requirement

45‑136  Monthly payer
 (1) You are a monthly payer at a time if:
 (a) you were a monthly payer immediately before that time; or
 (b) if paragraph (a) does not apply—you satisfy the requirement in subsection 45‑138(1) for the income year in which that time occurs.
Note: If paragraph (b) applies, see subsection (3) for the time at which you become a monthly payer.
 (2) The starting instalment month in an income year (the current year) is:
 (a) if the Commissioner gives you an instalment rate for the first time