TAXATION ADMINISTRATION REGULATIONS 1976 (REPEALED)
PART 5
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PAY AS YOU GO WITHHOLDING
Division 3
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Payments in respect of which ABNs or TFNs not quoted and Part VA investment payments
REGULATION 37
CERTAIN PAYMENTS FOR WHICH TFNs NOT QUOTED
37(1)
This regulation applies to a payment if:
(a) a provision of Subdivision 12-B (except section 12-55), 12-C or 12-D of Schedule 1 to the Act requires an amount to be withheld from the payment; and
(b) the recipient of the payment does not provide the payer with a TFN declaration that has effect under Division 3 of Part VA of the Income Tax Assessment Act 1936 .
37(2)
The amount to be withheld from the payment is:
(a) if the recipient of the payment is a prescribed foreign resident - an amount equal to the product of the highest rate specified in the table in Part II of Schedule 7 to the Income Tax Rates Act 1986 and the amount of the payment; and
(b) if the recipient of the payment is not a prescribed foreign resident - an amount equal to the product of the top rate and the amount of the payment.
37(3)
(Repealed by SLI No 189 of 2010)
View history note
Hide history noteThis regulation applies to a payment if:
(a) a provision of Subdivision 12-B (except section 12-55), 12-C or 12-D of Schedule 1 to the Act requires an amount to be withheld from the payment; and
(b) the recipient of the payment does not provide the payer with a TFN declaration that has effect under Division 3 of Part VA of the Income Tax Assessment Act 1936 .
37(2)
The amount to be withheld from the payment is:
(a) if the recipient of the payment is a prescribed foreign resident - an amount equal to the product of the highest rate specified in the table in Part II of Schedule 7 to the Income Tax Rates Act 1986 and the amount of the payment; and
(b) if the recipient of the payment is not a prescribed foreign resident - an amount equal to the product of the top rate and the amount of the payment.
Note:
For top rate , see regulation 2 .
37(3)
(Repealed by SLI No 189 of 2010)
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