Taxation Administration Regulations 2017

PART 3 - INCOME TAX (CHAPTER 2 IN SCHEDULE 1 TO THE ACT)  

Division 3 - Pay as you go (PAYG) withholding - Working out the amount to withhold  

Subdivision A - Withholding amounts for Subdivision 12-E  

SECTION 35   PART VA INVESTMENT PAYMENTS  

35(1)    
The amount to be withheld under section 12-140 or 12-145 in Schedule 1 to the Act from a payment made in respect of a Part VA investment is an amount equal to the product of the top rate and the amount of the payment.

Note:

For the thresholds for withholding, see section 28 .


35(2)    
However, subsection (3) applies if:


(a) the payment from which that amount is to be withheld is a franked distribution; and


(b) the franking percentage is less than 100%.

35(3)    
The amount to be withheld from the payment is the product of the unfranked part of the distribution and the top rate.




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