OPS 2012/2
AUSTRALIAN GOVERNMENT
This legislative instrument has been automatically repealed, and sunset on 1 October 2022.Taxation Administration Act 1953
Section 15-25 of Schedule 1
Legislative Instrument
I, Erin Kathleen Holland, Deputy Commissioner of Taxation, make this instrument under section 15-25 of Schedule 1 to the Taxation Administration Act 1953.
Commencement
This instrument commences on 1 July 2012.
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 to 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 the Higher Education Funding Act 1988, the Higher Education Support Act 2003, the Social Security Act 1991 and the Student Assistance Act 1973.
Withholding Schedules
Each of the withholding schedules listed in the following table, has effect:
| Schedule number | NAT number | Title |
|---|---|---|
| 1 | 1004-05.2012 | Statement of formulas for calculating amounts to be withheld |
| 2 | 1005-05.2012 | Weekly tax table
Including instructions for calculating monthly and quarterly withholding |
| 3 | 1006-05.2012 | Fortnightly tax table |
| 5 | 1008-05.2012 | Weekly tax table with no and half Medicare levy |
| 6 | 1010-05.2012 | Medicare levy adjustment weekly tax table |
| 7 | 1011-05.2012 | Medicare levy adjustment fortnightly tax table |
| 9 | 1023-05.2012 | Tax table for actors, variety artists and other entertainers |
| 10 | 1024-05.2012 | Tax table for daily and casual workers |
| 11 | 2173-05.2012 | Higher Education Loan Program weekly tax table
Including statement of formulas for calculating weekly and monthly withholding |
| 12 | 2185-05.2012 | Higher Education Loan Program fortnightly tax table
Including statement of formulas |
| 14 | 2335-05.2012 | Statement of formulas for calculating Higher Education Loan Program (HELP) component
Including coefficients for calculating weekly withholding amounts incorporating HELP component |
| 16 | 3305-05.2012 | Statement of formulas for calculating Student Financial Supplement Scheme (SFSS) component
Including coefficients for calculating weekly withholding amounts incorporating SFSS component |
| 17 | 3306-05.2012 | Student Financial Supplement Scheme weekly tax table
Including formulas for calculating monthly withholding |
| 18 | 3307-05.2012 | Student Financial Supplement Scheme fortnightly tax table
Including statement of formulas |
| 21 | 3539-05.2012 | Calculating Higher Education Loan Program in conjunction with Student Financial Supplement Scheme
The coefficients in this table should be used together with the Statement of formulas for calculating amounts to be withheld (NAT1004) |
| 22 | 4466-05.2012 | Tax table for seniors and pensioners
Use for payments to low income aged persons and pensioners |
| 23 | 7288-05.2012 | Tax table for Joint Petroleum Development Area
Use for payments to workers and service providers in the Joint Petroleum Development Area (JPDA). The JPDA is defined in the Timor Sea Treaty |
| 24 | 1013-05.2012 | Tax table for individuals employed in the horticultural or shearing industry
Including statement of formulas |
| 28 | 3351-05.2012 | Tax table for unused leave payments on termination of employment |
| 31 | 3350-05.2012 | Tax table for annuities |
| 33 | 70981-05.2012 | Tax table for superannuation lump sums |
| 34 | 70982-05.2012 | Tax table for superannuation income streams |
Revocation of current withholding schedules
The following withholding schedules are to be withdrawn:
| Schedule number | NAT number | Title |
|---|---|---|
| 1 | 1004-05.2011 | Statement of formulas for calculating amounts to be withheld
Incorporating the temporary flood and cyclone reconstruction levy |
| 1E | 1004E-05.2011 | Statement of formulas for calculating amounts to be withheld - flood levy exemption |
| 2 | 1005-05.2011 | Weekly tax table
Incorporating Medicare levy and temporary flood and cyclone reconstruction levy |
| 2E | 1005E-05.2011 | Weekly tax table - flood levy exemption
Incorporating Medicare levy |
| 3 | 1006-05.2011 | Fortnightly tax table
Incorporating Medicare levy and temporary flood and cyclone reconstruction levy |
| 3E | 1006E-05.2011 | Fortnightly tax table - flood levy exemption
Incorporating Medicare levy |
| 4 | 1007-05.2011 | Monthly tax table
Incorporating Medicare levy and temporary flood and cyclone reconstruction levy |
| 4E | 1007E-05.2011 | Monthly tax table - flood levy exemption
Incorporating Medicare levy |
| 5 | 1008-05.2011 | Weekly tax table with no and half Medicare levy
Incorporating temporary flood and cyclone reconstruction levy |
| 5E | 1008E-05.2011 | Weekly tax table with no and half Medicare levy - flood levy exemption |
| 6 | 1010-05.2011 | Medicare levy adjustment weekly tax table |
| 7 | 1011-05.2011 | Medicare levy adjustment fortnightly tax table |
| 8 | 1012-05.2011 | Medicare levy adjustment monthly tax table |
| 9 | 1023-05.2011 | Tax table for actors, variety artists and other entertainers |
| 10 | 1024-05.2011 | Tax table for daily and casual workers
Incorporating Medicare levy and temporary flood and cyclone reconstruction levy, including statement of formulas |
| 10E | 1024E-05.2011 | Tax table for daily and casual workers - flood levy exemption |
| 11 | 2173-05.2011 | Higher Education Loan Program (HELP) weekly tax table
Including statement of formulas |
| 12 | 2185-05.2011 | Higher Education Loan Program (HELP) fortnightly tax table
Including statement of formulas |
| 13 | 2186-05.2011 | Higher Education Loan Program (HELP) monthly tax table
Including statement of formulas |
| 14 | 2335-05.2011 | Statement of formulas for calculating Higher Education Loan Program (HELP) component
Incorporating the temporary flood and cyclone reconstruction levy Including coefficients for calculating weekly withholding amounts incorporating HELP component |
| 14E | 2335E-05.2011 | Statement of formulas for calculating Higher Education Loan Program (HELP) component - flood levy exemption
Including coefficients for calculating weekly withholding amounts incorporating HELP component |
| 15 | 2446-05.2011 | Statement of formulas for calculating withholding amounts for members of the defence force |
| 16 | 3305-05.2011 | Statement of formulas for calculating Student Financial Supplement Scheme (SFSS) component
Incorporating the temporary flood and cyclone reconstruction levy Including coefficients for calculating weekly withholding amounts incorporating SFSS component |
| 16E | 3305E-05.2011 | Statement of formulas for calculating Student Financial Supplement Scheme (SFSS) component - flood levy exemption
Including coefficients for calculating weekly withholding amounts incorporating SFSS component |
| 17 | 3306-05.2011 | Student Financial Supplement Scheme (SFSS) weekly tax table
Including statement of formulas |
| 18 | 3307-05.2011 | Student Financial Supplement Scheme (SFSS) fortnightly tax table
Including statement of formulas |
| 19 | 3308-05.2011 | Student Financial Supplement Scheme (SFSS) monthly tax table
Including statement of formulas |
| 20 | 3479-05.2011 | Quarterly tax table
Incorporating Medicare levy and temporary flood and cyclone reconstruction levy |
| 20E | 3479E-05.2011 | Quarterly tax table - flood levy exemption
Incorporating Medicare levy |
| 21 | 3539-05.2011 | Calculating Higher Education Loan Program in conjunction with Student Financial Supplement Scheme
Incorporating the temporary flood and cyclone reconstruction levy The coefficients in this table should be used in conjunction with the Statement of formulas of calculating amounts to be withheld |
| 21E | 3539E-05.2011 | Calculating Higher Education Loan Program in conjunction with Student Financial Supplement Scheme - flood levy exemption
The coefficients in this table should be used in conjunction with the Statement of formulas of calculating amounts to be withheld |
| 22 | 4466-05.2011 | Tax table for senior Australians
Incorporating the temporary flood and cyclone reconstruction levy |
| 22E | 4466E-05.2011 | Tax table for senior Australians - flood levy exemption |
| 23 | 7288-05.2010 | Special tax table - Joint Petroleum Development Area |
| 23 | 7288-05.2011 | Special tax table - Joint Petroleum Development Area |
| 24 | 1013-05.2006 | Special tax table for payments to individuals employed in the horticultural industry - including statement of formulas |
| 25 | 1014-05.2006 | Special tax table for payments to individuals employed in the shearing industry - including statement of formulas |
| 28 | 3351-05.2011 | Tax table for unused leave payments on termination of employment |
| 31 | 3350-05.2011 | Tax table for annuities |
| 33 | 70981-05.2011 | Tax table for superannuation lump sums |
| 34 | 70982-05.2011 | Tax table for superannuation income streams |
| 39 | 73834-05.2011 | Statement of formulas for calculating flood levy component |
Signed on the 21st day of May 2011
Erin Holland
Deputy Commissioner of Taxation
Registration Number: F2012L01071
Registration Date: 4 May 2012
Related Explanatory Statements:
OPS 2012/2 - Explanatory statement