Taxation Administration Act 1953
Note: See section 3AA .Chapter 2 - Collection, recovery and administration of income tax
The Commissioner may, for the purposes of meeting the special circumstances of a particular case or class of cases, vary the *amount required to be withheld by an entity from a *withholding payment (except a withholding payment covered by section 12-140 , 12-145 , 12-175 or 12-180 or Subdivision 12-FC or 12-H ). If the Commissioner does so, the amount is varied accordingly.
Section 12-140 is about a payment arising from an investment where the recipient does not quote its tax file number (or, in some cases, its ABN).
Section 12-145 is about an investor becoming presently entitled to income of a unit trust.
Subdivision 12-FC is about the Seasonal Labour Mobility Program.
Subdivision 12-H is about distributions of withholding MIT income.
The Commissioner ' s power to vary an amount includes the power to reduce the amount to nil. 15-15(3)
A variation must be made by a written notice:
(a) if it applies to a particular entity - that is given to that entity; or
(b) if it applies to a class of entities - that is given to each of the entities, or a copy of which is published in the Gazette .