This legislation has been repealed.
Financial year and prescribed amount11A. Financial year and prescribed amount (1) In this section and sections 11B and 11C, financial year includes the periods- (a) commencing on 1 July 1990 and ending on 31 October 1990; (b) commencing on 1 November 1990 and ending on 30 June 1991; (c) commencing on 1 July 1991 and ending on 31 December 1991; (d) commencing on 1 January 1992 and ending on 30 June 1992; (e) commencing on 1 July 1992 and ending on 30 November 1992; (f) commencing on 1 December 1992 and ending on 30 June 1993. (2) In sections 11B and 11C, prescribed amount means- (a) for the purposes of the financial year commencing on 1 July 1989, the prescribed amount calculated for those purposes in accordance with Part A of Schedule Two; (b) for the purposes of the financial year commencing on 1 July 1990 and ending on 31 October 1990, the prescribed amount calculated for those purposes in accordance with Part C of Schedule Two; (c) for the purposes of the financial year commencing on 1 November 1990 and ending on 30 June 1991, the prescribed amount calculated for those purposes in accordance with Part E of Schedule Two; (d) for the purposes of the financial year commencing on 1 July 1991 and ending on 31 December 1991, the prescribed amount calculated for those purposes in accordance with Part G of Schedule Two; (e) for the purposes of the financial year commencing on 1 January 1992 and ending on 30 June 1992, the prescribed amount calculated for those purposes in accordance with Part I of Schedule Two; (f) for the purposes of the financial year commencing on 1 July 1992 and ending on 30 November 1992, the prescribed amount calculated for those purposes in accordance with Part K of Schedule Two; (g) for the purposes of the financial year commencing on 1 December 1992 and ending on 30 June 1993, the prescribed amount calculated for those purposes in accordance with Part M of Schedule Two; (h) for the purposes of the financial year commencing on 1 July 1993 and each succeeding financial year up to and including the financial year ending on 30 June 2002, the prescribed amount calculated for those purposes in accordance with Part O of Schedule Two; (i) for the purposes of the financial year commencing on 1 July 2002 and each succeeding financial year, the prescribed amount calculated for those purposes in relation to such members in accordance with Part Q of Schedule Two. * * * * * (3) Where a person who did not pay and was not liable to pay taxable wages or interstate wages for any part of a financial year satisfies the Commissioner that, by reason of the nature of his trade or business, the taxable wages and interstate wages, if any, paid or payable by him fluctuate with different periods of the financial year, the Commissioner may treat him- (a) if he has conducted that trade or business in Australia during the whole of the financial year-as an employer throughout the financial year; or (b) if he has conducted that trade or business in Australia during part only of the financial year-as an employer during that last-mentioned part of the financial year. * * * * *