Document ID: chunk:federal_register_of_legislation:C2025C00126:clause:3_16:p15
Version: federal_register_of_legislation:C2025C00126
Segment Type: clause
Provision Reference: sch 3 cl 16 (pt 15/58)
Character Range: 677016–679706

request you make in the *approved form.
Note: Refusing a request to allow your election to take effect from the start of another tax period is a reviewable GST decision (see Subdivision 110‑F in Schedule 1 to the Taxation Administration Act 1953).

131‑15  Annual apportionment elections by representative members of GST groups
 (1) A *representative member of a *GST group cannot make an *annual apportionment election unless each *member of the GST group is eligible under section 131‑5.
 (2) If the *representative member makes such an election, or revokes such an election, each *member of the *GST group is taken to have made, or revoked, the election.

131‑20  Duration of an annual apportionment election

General rule
 (1) Your election ceases to have effect if:
 (a) you revoke it; or
 (b) the Commissioner disallows it under subsection (3); or
 (c) in a case to which subparagraph 131‑5(1)(a)(i) applied—you are not a *small business entity of the kind referred to in that subparagraph for an *income year; or
 (d) in a case to which subparagraph 131‑5(1)(a)(ii) applied—on 31 July in a *financial year, you do not satisfy the requirements of that subparagraph.

Revocation
 (2) A revocation of your election is taken to have had, or has, effect at the start of the earliest tax period for which, on the day of the revocation, your *GST return is not yet due.

Disallowance
 (3) The Commissioner may disallow your election if, and only if, the Commissioner is satisfied that you have failed to comply with one or more of your obligations under a *taxation law.
Note: Disallowing your election is a reviewable GST decision (see Subdivision 110‑F in Schedule 1 to the Taxation Administration Act 1953).
 (4) A disallowance of your election is taken to have had effect from the start of the tax period in which the Commissioner notifies you of the disallowance.

Not being a small business entity for an income year
 (5) If paragraph (1)(c) applies, your election is taken to have ceased to have effect from the start of the tax period in which the first day of the *income year referred to in that paragraph falls.

Failing to satisfy the requirements of subparagraph 131‑5(1)(a)(ii)
 (6) If paragraph (1)(d) applies, your election is taken to have ceased to have effect from the start of the tax period in which 31 July in the *financial year referred to in that paragraph falls.

Subdivision 131‑B—Consequences of electing to have annual apportionment

131‑40  Input tax credits for acquisitions that are partly creditable
 (1) The amount of the input tax credit on an acquisition that you make that is *partly creditable is an amount equal to the GST payable on the supply of the