CTHIn ForceAct
A New Tax System (Goods and Services Tax) Act 1999
63‑10 Period for which a choice has effe63‑10 Period for which a choice has effect
Start here
Get a plain-English read of 63‑10 Period for which a choice has effe
Turn the raw legal text into a practical explanation grounded in A New Tax System (Goods and Services Tax) Act 1999.
63‑10 Period for which a choice has effect
(1) The choice has effect from the time the entity makes the choice. (2) The choice ceases to have effect if: (a) the entity revokes the choice; or (b) the entity ceases to meet the requirements of subsection 63‑5(2). (3) However, the entity: (a) cannot revoke the choice within 12 months after the day on which the entity made the choice; and (b) cannot make a further choice within 12 months after the day on which the entity revoked a previous choice.