Document ID: chunk:federal_register_of_legislation:C2004C01268:clause:1_29:p8
Version: federal_register_of_legislation:C2004C01268
Segment Type: clause
Provision Reference: sch 1 cl 29 (pt 8/14)
Character Range: 26300–29094

section, would be your *net amount under section 17‑5 or 126‑5 for the instalment tax period; and
 (b) the sum of all of the *GST instalments payable by you for the *GST instalment quarters of the instalment tax period.

162‑110  When payments of net amounts must be made—GST instalment payers

 (1) If:
 (a) you are a *GST instalment payer; and
 (b) the *net amount for an *instalment tax period applying to you is greater than zero;
you must pay the net amount to the Commissioner on or before the day on which, under section 162‑60, you are required to give to the Commissioner your *GST return for the instalment tax period.

 (2) This section has effect despite sections 33‑3 and 33‑5 (which are about when payments of net amounts are made).

Subdivision 162‑C—GST instalments

162‑130  What are your GST instalments

 (1) If you are a *GST instalment payer, your *GST instalments for the *GST instalment quarters of an *instalment tax period applying to you are worked out under subsections (2) and (3).

 (2) Your *GST instalment for the first *GST instalment quarter is whichever of the following you choose:
 (a) your *notified instalment amount for the GST instalment quarter; or
 (b) your *varied instalment amount for the GST instalment quarter.

 (3) Your *GST instalment for any other *GST instalment quarter is:
 (a) if you have a *notified instalment amount for the GST instalment quarter—whichever of the following you choose:
 (i) your notified instalment amount for the GST instalment quarter; or
 (ii) your *varied instalment amount for the GST instalment quarter; or
 (b) if you do not have a notified instalment amount for the GST instalment quarter—whichever of the following you choose:
 (i) 25% of your *estimated annual GST amount relating to the preceding GST instalment quarter; or
 (ii) your varied instalment amount for the GST instalment quarter.

Note: Subsection 162‑135(2) sets out when you will not have a notified instalment amount for a GST instalment quarter.

162‑135  Notified instalment amounts

 (1) Your notified instalment amount for a *GST instalment quarter is the amount that is:
 (a) worked out by the Commissioner; and
 (b) notified by the Commissioner to you before the day on which the *GST instalment is due.

 (2) However, the Commissioner is not to work out or notify a *notified instalment amount for a *GST instalment quarter if you had a *varied instalment amount for an earlier GST instalment quarter of the same *instalment tax period.

162‑140  Varied instalment amounts

 (1) You may, by notifying the Commissioner in the *approved form, substitute another amount for:
 (a) your *notified instalment amount for a *GST instalment quarter; or
 (b) if paragraph 162‑130(3)(b) applies to a GST instalment quarter—your *GST instalment