A New Tax System (Goods and Services Tax) Act 1999
48‑7 Membership of GST groups48‑7 Membership of GST groups
Start here
Get a plain-English read of 48‑7 Membership of GST groups
Turn the raw legal text into a practical explanation grounded in A New Tax System (Goods and Services Tax) Act 1999.
48‑7 Membership of GST groups
(1) A member of a *GST group is an entity that: (a) formed the group under section 48‑5, or was added to the group under section 48‑70; and (b) *satisfies the membership requirements of the group. (2) However, the entity is not a member of the *GST group if the entity has, since the last time the entity became such a member: (a) left, or been removed from, the group under section 48‑70; or (b) ceased to *satisfy the membership requirements of the group. (3) The *representative member of a *GST group must notify the Commissioner, in the *approved form, if a *member of the group no longer *satisfies the membership requirements for the GST group. (4) The notice must be given within 21 days after the *member no longer *satisfies the membership requirements for the *GST group.
Note: Section 286‑75 in Schedule 1 to the Taxation Administration Act 1953 provides an administrative penalty for breach of this subsection.