Pay As You Earn
PAYE Bulletin 9W
Notice of WithdrawalDate of Issue: 18 April 2007
Valid from 18 April 2007
Crediting of loan accounts as a method of paying salary or wages
PAYE Bulletin Number 9 is withdrawn with effect from today.
1. PAYE Bulletin Number 9 explains that the Pay As You Earn (PAYE) system requires tax to be deducted from payments made by crediting loan accounts as a method of paying salary or wages.
2. The Pay As You Go system came into effect from 1 July 2000. The PAYE system of payments ceased to apply to transactions from that date.
3. PAYE Bulletin Number 9 is no longer current and does not apply to transactions occurring after 1 July 2000.
ATO references:
NO NAT 2006/20258
Related Rulings/Determinations:
PAYE Bulletin 9
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