Commonwealth Consolidated Acts

A NEW TAX SYSTEM (GOODS AND SERVICES TAX) ACT 1999 - SECT 151.55

             (1)  If any of the following occurs:

                     (a)  an entity who is an individual dies;

                     (b)  an entity ceases to * carry on any * enterprise;

                     (c)  an entity's * registration is cancelled;

during an * annual tax period applying to the entity, the annual tax period is not affected by the death, cessation or cancellation.

             (2)  This section has effect despite section 27-40 (which is about an entity's concluding tax period).

             (3)  However, this section does not affect the application of:

                     (a)  section 27-39; or

                     (b)  if an entity for any reason ceases to exist--section 27-40.