A New Tax System (Goods and Services Tax) Act 1999
51‑75 Approval of early day of effect of51‑75 Approval of early day of effect of forming, changing etc. GST joint ventures
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51‑75 Approval of early day of effect of forming, changing etc. GST joint ventures
(1) If an entity that gives a notice to the Commissioner under paragraph 51‑5(1)(eb) or subsection 51‑70(1) applies, in the *approved form, to the Commissioner for approval of a day specified in the notice, the Commissioner must: (a) approve, for the purposes of subsection 51‑5(4) or 51‑70(3), the day specified in the notice; or (b) approve another day for those purposes.
Note: Approving another day under paragraph (b) is a reviewable GST decision (see Subdivision 110‑F in Schedule 1 to the Taxation Administration Act 1953).
(2) The Commissioner may revoke an approval given under subsection (1) if the Commissioner is satisfied that the day approved is not appropriate.
Note: Revoking an approval under this subsection is a reviewable GST decision (see Subdivision 110‑F in Schedule 1 to the Taxation Administration Act 1953).
(3) The Commissioner must give notice, to the entity referred to in subsection (1), of any decision that he or she makes under this section.