Commonwealth legislation

A New Tax System (Goods and Services Tax) Act 1999 (Annual Tax Period Election) Determination 2004

RepealedCTH

This Act has been repealed and is no longer in force. It is retained for historical reference.

Jurisdiction

Commonwealth

Collection

legislative instrument

Plain English Summary

1/10 complexity

What this does: This short determination "switches on" the Commissioner's power to let certain businesses and organizations report their Goods and Services Tax (GST) just once a year instead of monthly or quarterly.

Who it affects: GST-registered entities (such as small businesses or non-profits) with straightforward tax affairs who want to simplify their reporting obligations.

Why it matters: By approving annual tax periods, the Commissioner reduces paperwork and compliance costs for eligible entities, allowing them to align GST reporting with their annual income tax cycle.

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Current sections

Direct links to the current provisions in A New Tax System (Goods and Services Tax) Act 1999 (Annual Tax Period Election) Determination 2004.

A New Tax System (Goods and Services Tax) Act 1999 (Annual Tax Period Election) Determination 2004

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COMMONWEALTH OF AUSTRALIA

A NEW TAX SYSTEM (GOODS AND SERVICES TAX) ACT 1999

DETERMINATION

Under paragraph 151‑20(2)(b) of the A New Tax System (Goods and Services Tax) Act 1999 (“the Act”) I make the following determination:

Citation

This Determination may be cited as the A New Tax System (Goods and Services Tax) Act 1999 (Annual Tax Period Election) Determination 2004.

Determination

2. Paragraph 151-20(2)(b) of the Act applies.

Signed this 17th day of December 2004

Signed by Bruce Quigley

Deputy Chief Tax Counsel

Tax Counsel Network

Delegate of the Commissioner

Source text

Sourced from the Federal Register of Legislation (legislation.gov.au), CC BY 4.0.