A New Tax System (Goods and Services Tax) Act 1999
57‑35 Tax periods of resident agents57‑35 Tax periods of resident agents
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57‑35 Tax periods of resident agents
(1) If you are a *resident agent who is acting as agent for a *non‑resident, the Commissioner must determine that the tax periods that apply to you are each individual month if the Commissioner is satisfied that the non‑resident’s *GST turnover meets the *tax period turnover threshold.
Note: Determining under this section the tax periods applying to you is a reviewable GST decision (see Subdivision 110‑F in Schedule 1 to the Taxation Administration Act 1953).
(2) The determination takes effect on the day specified in the determination. However, the day specified must be 1 January, 1 April, 1 July or 1 October.
Note: Deciding the date of effect of the determination is a reviewable GST decision (see Subdivision 110‑F in Schedule 1 to the Taxation Administration Act 1953).
(3) This section has effect in addition to section 27‑15 (which is about determination of one month tax periods).