OPS 2005/3

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AUSTRALIAN GOVERNMENT

This legislative instrument has been automatically repealed, and sunset on 1 October 2015.

Taxation Administration Act 1953

Notice of Variation - Legislative Instrument

Instrument ID: 2005/ITD/003

I, Erin Kathleen Holland, Deputy Commissioner of Taxation, notify that I have varied the amount to be withheld from payments made by trustees of bankrupt estates that are:

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covered by Subdivisions 12-35, 12-85 and 12-90 of Schedule 1 to the Taxation Administration Act 1953; and

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within the class of cases described below.

to an amount equal to 31.5% of the total payment.

I make this variation under section 15-15 of Schedule 1 to the Taxation Administration Act 1953 to meet the special circumstances of that class of cases.

Effective for payments made on or after 1 July 2005.

Class of cases

Payments which include amounts paid as:

1.

a back payment of wages, including unpaid amounts of leave already taken (and including underpayment of wages over any period) that were accrued prior to the date on which the administrator was appointed

2.

unused annual leave for employees

3.

payment in lieu of notice for employees

4.

redundancy pay for employees and

5.

long service leave for employees,

when paid by the trustee of a bankrupt estate.

Signed at 17:00, this the 13th day of May 2005

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13 May 2005

Erin Holland

Deputy Commissioner of Taxation

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Registration Number: F2005L01216

Registration Date: 24 May 2005

Related Explanatory Statements:

OPS 2005/3 - Explanatory statement

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