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 D - Withholding amounts for Subdivision 12-FB  

SECTION 51   CONSTRUCTION AND RELATED ACTIVITIES  

51(1)    
This section applies to an amount that is required by section 12-315 in Schedule 1 to the Act to be withheld from a payment prescribed by section 33 .

51(2)    
The amount to be withheld from the payment is an amount equal to 5% of each payment made under the contract mentioned in subsection 33(1) .




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