Taxation Administration Act 1953

SCHEDULE 1 - COLLECTION AND RECOVERY OF INCOME TAX AND OTHER LIABILITIES  

Note: See section 3AA .

Chapter 2 - Collection, recovery and administration of income tax  

PART 2-5 - PAY AS YOU GO (PAYG) WITHHOLDING  

Division 16 - Payer ' s obligations and rights  

Subdivision 16-B - To pay withheld amounts to the Commissioner  

Who is a large, medium or small withholder

SECTION 16-95   MEANING OF LARGE WITHHOLDER  

16-95(1)    
An entity is a large withholder for a particular month (the current month ) in a * financial year starting on or after 1 July 2001 if:

(a) it was a * large withholder for June 2001; or

(b) the * amounts withheld by the entity during a financial year ending at least 2 months before the current month exceeded $ 1 million; or

(c) both of the following apply:

(i) at the end of a financial year (the threshold year ) ending at least 2 months before the current month, the entity was one of a number of companies that were at that time all members of the same * wholly-owned group;

(ii) the amounts withheld by those companies during the threshold year exceeded $ 1 million; or

(d) the Commissioner determines under section 16-115 that the entity is a large withholder for the current month.

Note:

Different rules apply for working out who is a large withholder for a month in 2000-01. See section 16-125.

Exception

16-95(2)    
However, the entity is not a * large withholder if the Commissioner determines under section 16-110 that it is a * medium withholder or a * small withholder for the current month.