Taxation Administration Act 1953

You stop being an *annual payer if, during an *instalment quarter that is in an income year that starts after the commencement of this section:

you become *required to be registered under Part 2‑5 of the *GST Act; or

you become a partner in a partnership that is required to be registered under that Part; or

a partnership in which you are a partner becomes required to be registered under that Part; or

in the case of a company—the company becomes a *participant in a *GST joint venture under Division 51 of that Act; or

in the case of a company—the company becomes part of an *instalment group; or

an *annual tax period election of yours, or of a partnership in which you are a partner, ceases to have effect.

If you stop being an *annual payer under subsection (1):

you must still pay an annual instalment for the income year mentioned in that subsection; and

you must pay an instalment for each instalment quarter in the next income year for which subsection 45‑50(1) or (2) requires you to do so.

You may again become an *annual payer if:

after you stop being an *annual payer under subsection (1), you satisfy the conditions in subsection 45‑140(1) or (1A); and

you again choose under section 45‑140 to pay instalments annually.