Variation 54
Australian Government
This legislative Instrument repeals and replaces Variation 45 (F2016L00439) registered on 30 March 2016.Taxation Administration Act 1953
PAYG Withholding Variation
I, Matthew Bambrick, Acting Deputy Commissioner of Taxation, make this variation under section 15-15 of Schedule 1 to the Taxation Administration Act 1953.
1. Name of instrument
This instrument is the PAYG Withholding Variation: Donations to deductible gift recipients.
2. Commencement
This instrument commences on the day after its registration on the Federal Register of Legislative Instruments.
3. Repealing of existing instrument
This legislative instrument repeals and replaces legislative instrument PAYG Withholding Variation: Donations to deductible gift recipients (F2016L00439), registered on 30 March 2016.
4. Application
This instrument applies to payments covered by subdivision 12-B of Schedule 1 to the Taxation Administration Act 1953, where:
- (i)
- part of the payment is paid, or is to be paid, as a donation to a deductible gift recipient specified or endorsed under Division 30 of Income Tax Assessment Act 1997 by a payer
- (ii)
- the donation is paid to the deductible gift recipient by the payer of the withholding payment at the direction of the payee
- (iii)
- the donation is made under a regular planned giving arrangement, and
- (iv)
- the payee has not advised the payer that they do not want a variation to the amount withheld.
A deductible gift recipient is defined in section 995-1 of the Income Tax Assessment Act 1997 to take its meaning from section 30-227 of the Income Tax Assessment Act 1997.
5. Amount to be withheld
The amount to be withheld from payments covered by this instrument is varied as follows:
- •
- When working out the amount to withhold a payer reduces the gross payment by the amount paid by the payer to a deductible gift recipient on behalf of the payee.
Signed on 5 October 2016
Matthew Bambrick
Acting Deputy Commissioner of Taxation
Registration Number: F2016L01641
Registration Date: 25 October 2016
Variation 54 - Explanatory statement