(1) You are eligible to make an * annual apportionment election if:
(i) you are a * small business entity (other than because of subsection 328-110(4) of the * ITAA 1997) for the * income year in which you make your election; or
(ii) you do not carry on a * business and your * GST turnover does not exceed the * annual apportionment turnover threshold; and
(b) you have not made any election under section 162-15 to pay GST by instalments (other than such an election that is no longer in effect); and
(c) you have not made any * annual tax period election (other than such an election that is no longer in effect).
(2) The annual apportionment turnover threshold is:
(a) $2 million; or
(b) such higher amount as the regulations specify.