Document ID: chunk:federal_register_of_legislation:C2025C00180:schedule:1:p22
Version: federal_register_of_legislation:C2025C00180
Segment Type: schedule
Provision Reference: sch 1 (pt 22/27)
Character Range: 757964–760516

(ii) of which no other company has *majority control; and
 (b) any other company of which the first‑mentioned company has *majority control.
 (2) A company has majority control of another company if, and only if:
 (a) the first company is in a position to cast, or control the casting of, more than 50% of the maximum number of votes that might be cast at a general meeting of the other company; or
 (b) the first company has the power to appoint or remove the majority of the directors of the other company; or
 (c) the other company is, or a majority of its directors are, accustomed or under an obligation, whether formal or informal, to act according to the directions, instructions or wishes of the first company.

45‑150  Entity stops being annual payer if involved with GST registration or instalment group
 (1) You stop being an *annual payer if, during an *instalment quarter that is in an income year that starts after the commencement of this section:
 (a) you become *required to be registered under Part 2‑5 of the *GST Act; or
 (b) you become a partner in a partnership that is required to be registered under that Part; or
 (c) a partnership in which you are a partner becomes required to be registered under that Part; or
 (d) in the case of a company—the company becomes a *participant in a *GST joint venture under Division 51 of that Act; or
 (e) in the case of a company—the company becomes part of an *instalment group; or
 (f) an *annual tax period election of yours, or of a partnership in which you are a partner, ceases to have effect.
 (2) If you stop being an *annual payer under subsection (1):
 (a) you must still pay an annual instalment for the income year mentioned in that subsection; and
 (b) you must pay an instalment for each instalment quarter in the next income year for which subsection 45‑50(1) or (2) requires you to do so.
 (3) You may again become an *annual payer if:
 (a) after you stop being an *annual payer under subsection (1), you satisfy the conditions in subsection 45‑140(1) or (1A); and
 (b) you again choose under section 45‑140 to pay instalments annually.

45‑155  Entity stops being annual payer if notional tax is $8,000 or more, or entity chooses to pay quarterly
 (1) You stop being an *annual payer at the start of the first *instalment quarter in an income year (the current year) if:
 (a) after the end of the first instalment quarter in the previous income year and before the end of the first instalment quarter in the current year, the Commissioner notifies you of your *notional tax,