Notice 27

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Australian Government

 

 

Australian Taxation Office

This legislative instrument has been repealed by F2023L00361 registered on 28 March 2023

Pay As You Go (PAYG) Withholding

I, Erin Kathleen Holland, Deputy Commissioner of Taxation, pursuant to section 16-180 of Schedule 1 to the Taxation Administration Act 1953 do hereby exempt entities from the requirement to issue a payment summary under section 16-155 of Schedule 1 to the Taxation Administration Act 1953, in respect of Subdivision 12-E (Payments where TFN or ABN not quoted) or 12-F (Dividend, interest and royalty payments) withholding amount made on a passbook savings account, unless specifically requested by the recipient/payee.

Payers are therefore not required to provide passbook savings account holders with a payment summary where they have withheld amounts from payments in accordance with Subdivision 12-E or 12-F, unless specifically requested to do so.

Commencement

This instrument commences on the day after registration on the Federal Register of Legislative Instruments.

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Signed on 30 November 2012

Erin Holland

Deputy Commissioner of Taxation

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Registration Number: F2012L02333

Registration Date: 16 December 2012

Notice 27 - Explanatory statement

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