Regulation 70
Commencement and expiry of scheme
of Goods and Services Tax (General) Regulations 1993
Subsidiary LegislationIn forceProvision 108 of 188
Regulation 70
Subregulation 1
An approved person may start to use the scheme at the beginning of the approved person’s next prescribed accounting period indicated in the notification of that approval.
Subregulation 2
An approval granted under regulation 68 has effect for a period of 2 years beginning on the date on which the approval is to take effect and the Comptroller may, in the Comptroller’s discretion, extend the period to which the approval relates.