Document ID: chunk:federal_register_of_legislation:C2010C00262:clause:2_69
Version: federal_register_of_legislation:C2010C00262
Segment Type: clause
Provision Reference: sch 2 cl 69
Character Range: 26218–27007

69  Transitional—election to have annual apportionment

(1) This item applies to you if:
 (a) before 1 July 2007, you made an annual apportionment election under subsection 131‑10(1) of the A New Tax System (Goods and Services Tax) Act 1999; and
 (b) your election was in effect immediately before 1 July 2007.

(2) If you are carrying on a business on 1 July 2007, your election continues to have effect as if subparagraph 131‑5(1)(a)(i) of the A New Tax System (Goods and Services Tax) Act 1999, as inserted by Part 1 of this Schedule, applied.

(3) If you are not carrying on a business on 1 July 2007, your election continues to have effect as if subparagraph 131‑5(1)(a)(ii) of the A New Tax System (Goods and Services Tax) Act 1999, as inserted by Part 1 of this Schedule, applied.