Document ID: chunk:federal_register_of_legislation:C2025C00180:schedule:1:p17
Version: federal_register_of_legislation:C2025C00180
Segment Type: schedule
Provision Reference: sch 1 (pt 17/27)
Character Range: 746122–748643

fail to satisfy proposed paragraph (1)(d) at the end of the first *instalment quarter in an income year if you are not an eligible business entity for the income year that includes that instalment quarter.
 (4) In addition, you stop being such a payer at the start of the first *instalment quarter in the next income year if:
 (a) at the end of that quarter, you become:
 (i) a *quarterly payer who pays on the basis of instalment income; or
 (ii) an *annual payer; or
 (b) at the end of the first *instalment month of that quarter, you become a *monthly payer.

No quarterly payer status in quarter if monthly payer in following month
 (5) Despite subsections (1) and (2), you cannot be a *quarterly payer who pays on the basis of GDP‑adjusted notional tax at a time in an *instalment quarter if you are a *monthly payer at a time in the first *instalment month that ends after that quarter.

45‑132  Quarterly payer who pays 4 instalments annually on the basis of GDP‑adjusted notional tax
 (1) You are a quarterly payer who pays 4 instalments annually on the basis of GDP‑adjusted notional tax if, at the end of the *starting instalment quarter in an income year:
 (a) you satisfy the conditions to be a *quarterly payer who pays on the basis of GDP‑adjusted notional tax under section 45‑130; and
 (b) you do not satisfy the conditions to be a *quarterly payer who pays 2 instalments annually on the basis of GDP‑adjusted notional tax under section 45‑134.

How and when you become such a payer
 (2) You become such a payer just before the end of the *starting instalment quarter if paragraphs (1)(a) and (b) are satisfied.

How and when you stop being such a payer
 (3) You stop being a *quarterly payer who pays 4 instalments annually on the basis of GDP‑adjusted notional tax at the start of the first *instalment quarter in the next income year if you fail to satisfy paragraphs (1)(a) and (b) at the end of that quarter.
 (4) In addition, you stop being such a payer at the start of the first *instalment quarter in the next income year if:
 (a) at the end of that quarter, you become:
 (i) a *quarterly payer who pays on the basis of instalment income; or
 (ii) an *annual payer; or
 (b) at the end of the first *instalment month of that quarter, you become a *monthly payer.

45‑134  Quarterly payer who pays 2 instalments annually on the basis of GDP‑adjusted notional tax
 (1) You are a quarterly payer who pays 2 instalments annually on the basis of GDP‑adjusted notional tax if, at the end of the *starting