Taxation Administration Act 1953
SCHEDULE 1
-
COLLECTION AND RECOVERY OF INCOME TAX AND OTHER LIABILITIES
An entity must withhold an amount from a payment of compensation, or of sickness or accident pay, it makes to an individual if the payment:
(a) is made because of that or another individual ' s incapacity for work; and
(b) is calculated at a periodical rate; and
(c) is not a payment made under an insurance policy to the policy owner.
Note: See section 3AA .
Chapter 2 - Collection, recovery and administration of income tax
PART 2-5
-
PAY AS YOU GO (PAYG) WITHHOLDING
Division 12
-
Payments from which amounts must be withheld
Subdivision 12-D
-
Benefit and compensation payments
SECTION 12-120
12-120
COMPENSATION, SICKNESS OR ACCIDENT PAYMENT
An entity must withhold an amount from a payment of compensation, or of sickness or accident pay, it makes to an individual if the payment:
(a) is made because of that or another individual ' s incapacity for work; and
(b) is calculated at a periodical rate; and
(c) is not a payment made under an insurance policy to the policy owner.
For exceptions, see section 12-1 .
This information is provided by CCH Australia Limited Link opens in new window. View the disclaimer and notice of copyright.