TAXATION ADMINISTRATION REGULATIONS 1976 [REPEALED]

PART 5 - PAY AS YOU GO WITHHOLDING  

Division 3A - Withholding arrangements - closely held trusts  

REGULATION 38B   38B   THRESHOLD AMOUNTS FOR EXCEPTIONS  
For subsection 12-185(1) of the Act, the amount of the threshold, below which payments are not required to be withheld under sections 12-175 and 12-180 of the Act, is:


(a) if the payment is for the whole of a financial year - $120;


(b) if the payment is for part of a financial year - the amount worked out using the formula:


P   ×   $120
365

where:

P
is the number of days in the financial year for which the amount is payable.




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