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 15 - Working out the amount to withhold  

Subdivision 15-B - Withholding schedules and regulations  

SECTION 15-30   15-30   MATTERS TO BE CONSIDERED WHEN MAKING WITHHOLDING SCHEDULES  


The Commissioner must have regard to the following matters when making a withholding schedule:


(a) the rates of income tax as specified in the Income Tax Rates Act 1986 ;


(b) the rates of *Medicare levy as specified in the Medicare Levy Act 1986 ;


(c) (Repealed by No 56 of 2010)


(ca) the percentages specified in section 154-20 (about repayments of accumulated HELP debt) of the Higher Education Support Act 2003 for any financial year starting on or after 1 July 2005;


(caa) the percentage referred to in the definition of applicable percentage of repayment income in subsection 23EA(1) (about repayments of accumulated VETSL debts) of the VET Student Loans Act 2016 for any financial year starting on or after 1 July 2019;


(cb) the percentage referred to in the definition of applicable percentage of repayment income in subsection 1061ZVHA(1) (about repayments of accumulated SSL debt) of the Social Security Act 1991 for any financial year starting after the commencement of this paragraph;


(cc) the percentage referred to in the definition of applicable percentage of HELP repayment income in subsection 10F(1) (about repayments of accumulated ABSTUDY SSL debt) of the Student Assistance Act 1973 for any financial year starting after the commencement of this paragraph;


(cd) the percentage referred to in the definition of applicable percentage of repayment income in subsection 46(1) (about repayments of accumulated TSL debt) of the Trade Support Loans Act 2014 for any financial year starting on or after 1 July 2014;


(da) the percentages specified in section 1061ZZFD (about repayments of accumulated FS debts) of the Social Security Act 1991 for any financial year starting on or after 1 July 2006;


(db) the percentages specified in section 12ZLC (about repayments of accumulated FS debts) of the Student Assistance Act 1973 for any financial year starting on or after 1 July 2006;


(d) any *tax offsets;


(e) the family tax benefit (within the meaning of the A New Tax System (Family Assistance) Act 1999 );


(f) the periods in respect of which *withholding payments are made;


(fa) in relation to withholding payments that are *working holiday taxable income - whether an entity is registered under section 16-147 ;


(g) any other prescribed matter.




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