Meaning of final period
6 Meaning of final period
The final period, for a change of status of a person (the relevant change of status) happening during a financial year, means the period—
starting on the latest of the following days in the year—
1 July;
the first day on which the person is required to register as an employer under part 3, division 1;
if an earlier change of status has happened for the person during the year—the day of the change of status happening immediately before the relevant change of status; and
ending on the day before the relevant change of status happens.
Example—
An employer who is a group member from 1 July in a financial year ceases to be a group member on 1 September. The final period for the change of status is 1 July to 31 August.
If the employer then ceases to pay, or be liable to pay, wages from 1 June, the final period for the second change of status is 1 September to 31 May.
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