Clubs minutes, July 2011

8. PAYGW update

Geoff Greenslade presented the PAYGW update. It covered an update on the flood levy; for employees required to pay it, the flood levy will be incorporated into the new withholding tax tables you use to withhold amounts from their salary or wage.

He outlined that some employees who had been affected by a natural disaster would be exempt from the flood levy and could lodge a Flood levy exemption declaration (NAT 73797) to lower their withholding.

Geoff Greenslade also updated on reportable employer superannuation contributions and the phase-out of the dependent spouse tax offset. He then ran through the process for lodging the 2011 payment summary annual report early, which will assist employees.

• Jason Wrigley raised an issue and asked whether there was anyone else seeing uncertainty around the application of foreign resident withholding rates for payments made to agents of foreign entertainers. Geoff Greenslade will take this question to PAYG and report back at the next meeting.

Action item	8
Description	The application of foreign resident withholding rates for payments made to agents of foreign entertainers.
Responsibility	Geoff Greenslade
Due date	21 September 2011

Sections within Agenda items

• 1. Welcome, apologies and introductions
• 2. Endorsement of the minutes from the previous meeting 21 March 2011
• 3. Non-profit self governance tool
• 4. Non-profit reform
• 5. An overview of the role of the ATO following key budget announcements for the sector, and recent ATO views on charities - Draft Ruling 2011/D2
• 6. Better targeting of not-for-profit tax concessions - Treasury discussion paper
• 7. Recoupment of tax losses: How does the continuity test work for a corporation limited by guarantee with members?
• 8. PAYGW update
• 9. Around the traps