Document ID: chunk:federal_register_of_legislation:C2025C00126:section:3:p1
Version: federal_register_of_legislation:C2025C00126
Segment Type: section
Provision Reference: s 3 (pt 1/5)
Character Range: 129866–132554

3                           Resident agents acting for non‑residents   Division 57

Part 2‑6—Tax periods

Division 27—How to work out the tax periods that apply to you

27‑1  What this Division is about
       This Division tells you the tax periods that apply to you. You need to know this because your net amounts are worked out in respect of these tax periods.

27‑5  General rule—3 month tax periods
  The tax periods that apply to you are each period of 3 months ending on 31 March, 30 June, 30 September or 31 December in any year, except to the extent that:
 (a) an election is in force under section 27‑10; or
 (b) the Commissioner determines otherwise under this Division.
Note: Several provisions in Chapter 4 provide for different tax periods. In particular, Division 151 provides for annual tax periods.

27‑10  Election of one month tax periods
 (1) The tax periods that apply to you are each individual month if, by notifying the Commissioner in the *approved form, you elect to have as the tax periods that apply to you each individual month.
 (2) The election takes effect on the day specified in the notice. However, the day specified must be 1 January, 1 April, 1 July or 1 October.

27‑15  Determination of one month tax periods
 (1) The Commissioner must determine that the tax periods that apply to you are each individual month if:
 (a) the Commissioner is satisfied that your *GST turnover meets the *tax period turnover threshold; or
 (b) the Commissioner is satisfied that the period for which you will be *carrying on an *enterprise in the indirect tax zone is less than 3 months; or
 (c) the Commissioner is satisfied that you have a history of failing to comply with your obligations under a *taxation law.
Note: Determining under this section the tax periods applying to you is a reviewable GST decision (see Subdivision 110‑F in Schedule 1 to the Taxation Administration Act 1953).
 (2) The determination takes effect on the day specified in the determination. However, the day specified must be 1 January, 1 April, 1 July or 1 October.
Note: Deciding the date of effect of the determination is a reviewable GST decision (see Subdivision 110‑F in Schedule 1 to the Taxation Administration Act 1953).
 (3) The tax period turnover threshold is:
 (a) $20 million; or
 (b) such other amount as the regulations specify.
However, if the regulations change the tax period turnover threshold, the change does not apply to you until the start of the next tax period that starts after the regulation in question comes into operation.

27‑20  Withdrawing elections of one month tax periods
 (1) You may, by notifying the Commissioner in the *approved form, withdraw an