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 16-100   MEANING OF MEDIUM WITHHOLDER  

16-100(1)  
An entity is a medium withholder for a particular month (the current month ) in a *financial year starting on or after 1 July 2001 if it is not a *large withholder for that month and:


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


(b) the *amounts withheld by the entity during a financial year ending before the current month exceeded $25,000; or


(c) the Commissioner determines under section 16-110 or 16-115 that the entity is a medium 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.

16-100(2)  
However, the entity is not a *medium withholder if the Commissioner determines under section 16-110 or 16-115 that the entity is a *large withholder or a *small withholder for the current month.




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