Document ID: chunk:federal_register_of_legislation:C2025C00180:schedule:1:p2
Version: federal_register_of_legislation:C2025C00180
Segment Type: schedule
Provision Reference: sch 1 (pt 2/27)
Character Range: 710444–713062

(In this case, you are a monthly payer).
      If you are not required to be registered for GST purposes, you may be able to choose to pay an annual instalment after the end of the income year. (In this case, you are an annual payer).
      The amount of annual instalment can be your instalment income for the income year multiplied by the rate the Commissioner gave you, or an amount based on your previous year's income tax liability and notified to you by the Commissioner, or your own estimate of your income tax liability for the income year.

Subdivision 45‑A—Basic rules

Table of sections
45‑5 Object of this Part
45‑10 Application of Part
45‑15 Liability for instalments
45‑20 Information to be given to the Commissioner by certain payers
45‑25 Penalty for failure to notify Commissioner
45‑30 Credit for instalments payable

45‑5  Object of this Part
 (1) The object of this Part is to ensure the efficient collection of:
 (a) income tax; and
 (b) *Medicare levy; and
 (ca) amounts of liabilities to the Commonwealth under Chapter 4 of the Higher Education Support Act 2003; and
 (caa) amounts of liabilities to the Commonwealth under Part 3A of the VET Student Loans Act 2016; and
 (cb) amounts of liabilities to the Commonwealth under Chapter 2AA of the Social Security Act 1991; and
 (cc) amounts of liabilities to the Commonwealth under Part 2 of the Student Assistance Act 1973; and
 (cd) amounts of liabilities to the Commonwealth under Chapter 3 of the Australian Apprenticeship Support Loans Act 2014; and
 (d) amounts of liabilities to the Commonwealth under Part 2B.3 of the Social Security Act 1991; and
 (e) amounts of liabilities to the Commonwealth under Division 6 of Part 4A of the Student Assistance Act 1973;
through the application of the principles set out in the rest of this section.
 (2) As you earn *instalment income, you pay instalments after the end of each *instalment quarter worked out on the basis of your instalment income for that quarter if you are required or choose to work out your instalment on this basis. However, you may be able to pay an amount notified by the Commissioner. (There are exceptions to this).
 (2A) Alternatively:
 (a) you may be required to pay instalments after the end of each *instalment month worked out on the basis of your instalment income for that month; or
 (b) you may be able to choose to pay an annual instalment for the income year.
 (3) The total of your instalments for an income year is as close as possible to the total of your liabilities for the income year that are covered by subsection (1), except so far as the amounts of those