OPS 2006/1
AUSTRALIAN GOVERNMENT
This Legislative Instrument has been repealed by Treasury (Spent and Redundant Instruments) Repeal Regulation 2013.Taxation Administration Act 1953
Legislative Instrument
I, Michael D'Ascenzo, Commissioner of Taxation, make this instrument under section 15-25 of Schedule 1 to the Taxation Administration Act 1953.
1. Name of Instrument
This instrument is the Taxation Administration Act Withholding Schedules 2006.
2. Commencement
This instrument commences on 1 July 2006.
3. Purpose
(1) Withholding schedules specify the amounts, formulas and procedures to be used for working out the amount required to be withheld by an entity from a withholding payment covered by Subdivision 12-B, 12-C or 12-D of Schedule 1 of the Taxation Administration Act 1953.
(2) The withholding schedules in this instrument are made for the purposes of collecting income tax, Medicare levy and amounts of liabilities to the Commonwealth under Chapter 5A of the Higher Education Act 1988.
4. Withholding Schedules
Each of the withholding schedules listed in the following table, has effect:
| Schedule number | NAT number | Title |
|---|---|---|
| 1 | 1004-05.2006 | Statement of formulas for calculating amounts to be withheld |
| 2 | 1005-05.2006 | Weekly tax table Incorporating Medicare levy with and without leave loading |
| 3 | 1006-05.2006 | Fortnightly tax table Incorporating Medicare levy with and without leave loading |
| 4 | 1007-05.2006 | Monthly tax table Incorporating Medicare levy with and without leave loading |
| 5 | 1008-05.2006 | Weekly tax table with no and half Medicare levy Including weekly table for Medicare levy adjustment - half levy |
| 6 | 1010-05.2006 | Medicare levy adjustment weekly tax table |
| 7 | 1011-05.2006 | Medicare levy adjustment fortnightly tax table |
| 8 | 1012-05.2006 | Medicare levy adjustment monthly tax table |
| 9 | 1023-05.2006 | Special tax table for actors, variety artists and other entertainers |
| 10 | 1024-05.2006 | Special daily rates tax table Incorporating Medicare levy, including statement of formulas |
| 11 | 2173-05.2006 | Higher Education Loan Programme (HELP) weekly tax table Including statement of formulas |
| 12 | 2185-05.2006 | Higher Education Loan Programme (HELP) fortnightly tax table Including statement of formulas |
| 13 | 2186-05.2006 | Higher Education Loan Programme (HELP) monthly tax table Including statement of formulas |
| 14 | 2335-05.2006 | Statement of formulas for calculating Higher Education Loan Programme (HELP) component Including coefficients for calculating weekly withholding amounts incorporating HELP component |
| 15 | 2446-05.2006 | Statement of formulas for calculating withholding amounts for members of the Defence Force |
| 16 | 3305-05.2006 | Statement of formulas for calculating Student Financial Supplement Scheme (SFSS) component Including coefficients for calculating weekly withholding amounts incorporating SFSS component |
| 17 | 3306-05.2006 | Student Financial Supplement Scheme (SFSS) weekly tax table Including statement of formulas |
| 18 | 3307-05.2006 | Student Financial Supplement Scheme (SFSS) fortnightly tax table Including statement of formulas |
| 19 | 3308-05.2006 | Student Financial Supplement Scheme (SFSS) monthly tax table Including statement of formulas |
| 20 | 3479-05.2006 | Quarterly tax table Incorporating Medicare levy with and without leave loading |
| 21 | 3539-05.2006 | Coefficients for calculating weekly withholding amounts Incorporating Student Financial Supplement Scheme (SFSS) component and Higher Education Loan Programme (HELP) component |
| 22 | 4466-05.2006 | Special tax table for aged pensioners and low income aged persons (senior Australians) |
| 24 | 1013-05.2006 | Special tax table for individuals employed in the horticultural industry Including statement of formulas |
| 25 | 1014-05.2006 | Special tax table for individuals employed in the shearing industry Including statement of formulas |
| 26 | 3347-05.2006 | Tax table for return to work payments |
| 27 | 3349-05.2006 | Tax table for eligible termination payments |
| 28 | 3351-05.2006 | Tax table for unused leave payments on termination of employment |
| 30 | 3348-05.2006 | Tax table for back payments including lump sum payments in arrears |
| 31 | 3350-05.2006 | Tax table for superannuation pensions and annuities |
5 Revocation of current withholding schedules
The following withholding schedules are to be withdrawn:
| Schedule number | NAT number | Title |
|---|---|---|
| 1A | 1004A-5.2005 | Statement of formulas for calculating amounts to be withheld |
| 2A | 1005A-5.2005 | Weekly tax table incorporating Medicare levy with and without leave loading |
| 3A | 1006A-5.2005 | Fortnightly tax table incorporating Medicare levy with and without leave loading |
| 4A | 1007A-5.2005 | Monthly tax table incorporating Medicare levy with and without leave loading |
| 5A | 1008A-5.2005 | Weekly tax table with no and half Medicare levy including Medicare levy adjustment |
| 6A | 1010A-5.2005 | Medicare levy adjustment weekly tax table |
| 7A | 1011A-5.2005 | Medicare levy adjustment fortnightly tax table |
| 8A | 1012A-5.2005 | Medicare levy adjustment monthly tax table |
| 9A | 1023A-5.2005 | Special tax tables for actors, variety artists and other entertainers |
| 10A | 1024A-5.2005 | Special daily rates tax table incorporating Medicare levy, including Statement of formulas |
| 11A | 2173A-5.2005 | Higher Education Loan Programme (HELP) weekly tax table (including statement of formulas) |
| 12A | 2185A-5.2005 | Higher Education Loan Programme (HELP) fortnightly tax table (including statement of formulas) |
| 13A | 2186A-5.2005 | Higher Education Loan Programme (HELP) Monthly tax table (including statement of formulas) |
| 14A | 2335A-5.2005 | Statement of formulas for calculating Higher Education Loan Programme (HELP) component |
| 15A | 2446A-5.2005 | Statement of formulas for calculating withholding amounts for Members of the Defence Force |
| 16A | 3305A-5.2005 | Statement of Formulas for calculating Student Financial Supplement Scheme (SFSS) component |
| 17A | 3306A-5.2005 | Student Financial Supplement Scheme (SFSS) weekly tax table including statement of formulas |
| 18A | 3307A-5.2005 | Student Financial Supplement Scheme (SFSS) fortnightly tax table including statement of formulas |
| 19A | 3308A-5.2005 | Student Financial Supplement Scheme (SFSS) monthly tax table including statement of formulas |
| 20A | 3479A-5.2005 | Quarterly tax table incorporating Medicare levy with and without leave loading |
| 21A | 3539A-5.2005 | Coefficients for calculating weekly withholding amounts incorporating Student Financial Supplement Scheme (SFSS) component and Higher Education Contribution Scheme (HECS) or Higher Education Loan Programme (HELP) component |
| 22A | 4466A-5.2005 | Special tax table for aged pensioners and low income aged persons (Senior Australians) |
| 24 | 1013-11.2005 | Special tax table for payments to individuals employed in the horticultural industry - including statement of formulas |
| 25 | 1014-11.2005 | Special tax table for payments to individuals employed in the shearing industry - including statement of formulas |
| 26 | 3347-11.2005 | Tax table for return to work payments |
| 27 | 3349-11.2005 | Tax table for eligible termination payments |
| 28 | 3351-11.2005 | Tax table for unused leave payments on termination of employment |
| 3348-9.2004 | Tax table for back payments including lump sum payments in arrears | |
| 3350-12.2002 | Superannuation pensions and annuities |
Dated this 26th day of May 2006
Commissioner of Taxation
Registration Number: F2006L01652
Registration Date: 30 May 2006
Related Explanatory Statements:
OPS 2006/1 - Explanatory statement