TAXATION ADMINISTRATION REGULATIONS 1976 [REPEALED]

PART 5 - PAY AS YOU GO WITHHOLDING  

Division 3 - Payments in respect of which ABNs or TFNs not quoted and Part VA investment payments  

REGULATION 35   PART VA INVESTMENT PAYMENTS BELOW CERTAIN THRESHOLDS (ACT S 12-140 AND 12-145 OF SCHEDULE 1)  

35(1)  
An amount is not required to be withheld from a payment mentioned in regulation 34 if:


(a) the payment is not a payment in relation to an investment mentioned in item 6 (shares in a public company) in the table in subsection 202D(1) of the Income Tax Assessment Act 1936 ; and


(b) the payment is to be made to an investor:


(i) who had not turned 16 on the 1 January before the date on which the payment was made; and

(ii) about whose age the investment body is aware; and


(c) the amount of the payment is less than:


(i) in the case of a payment in respect of the whole of a financial year - $420; and

(ii) in any other case - an amount worked out using the formula:


  P × $420  
365


where:
P is the number of days in the period in the financial year in respect of which the amount is payable.

35(2)  
If a payment mentioned in regulation 34:


(a) is not of the kind described in subregulation (1); and


(b) is in respect of an investment of a kind mentioned in item 1 or 2 in the table in subsection 202D(1) of the Income Tax Assessment Act 1936 ; and


(c) is an amount of less than:


(i) in the case of a payment in respect of the whole of a financial year - $120; and

(ii) in any other case - the amount worked out using the formula:


  P × $120  
365


where:
P is the number of days in the period in the financial year in respect of which the amount is payable;

an amount is not required to be withheld from the payment.


 

Disclaimer and notice of copyright applicable to materials provided by CCH Australia Limited

CCH Australia Limited ("CCH") believes that all information which it has provided in this site is accurate and reliable, but gives no warranty of accuracy or reliability of such information to the reader or any third party. The information provided by CCH is not legal or professional advice. To the extent permitted by law, no responsibility for damages or loss arising in any way out of or in connection with or incidental to any errors or omissions in any information provided is accepted by CCH or by persons involved in the preparation and provision of the information, whether arising from negligence or otherwise, from the use of or results obtained from information supplied by CCH.

The information provided by CCH includes history notes and other value-added features which are subject to CCH copyright. No CCH material may be copied, reproduced, republished, uploaded, posted, transmitted, or distributed in any way, except that you may download one copy for your personal use only, provided you keep intact all copyright and other proprietary notices. In particular, the reproduction of any part of the information for sale or incorporation in any product intended for sale is prohibited without CCH's prior consent.