OPS 2013/3
AUSTRALIAN GOVERNMENT
This legislative instrument has been automatically repealed, and sunset on 1 October 2023.Taxation Administration Act 1953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 2013.
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 Support Act 2003, the Social Security Act 1991 and the Student Assistance Act 1973.
(3) This legislative instrument also revokes Taxation Administration Act 1953 - tax table for employment termination payments (FRLI number: F2012L01427 registered on 29 June 2012).
Withholding Schedules
Each of the withholding schedules listed in the following table, has effect:
| Schedule number | NAT number | Title |
| 11 | 2173-05.2013 | Higher Education Loan Program weekly tax table Including statement of formulas for calculating weekly and monthly withholding |
| 12 | 2185-05.2013 | Higher Education Loan Program fortnightly tax table Including statement of formulas |
| 14 | 2335-05.2013 | Statement of formulas for calculating Higher Education Loan Program (HELP) component Including coefficients for calculating weekly withholding amounts incorporating HELP component |
| 16 | 3305-05.2013 | Statement of formulas for calculating Student Financial Supplement Scheme (SFSS) component Including coefficients for calculating weekly withholding amounts incorporating SFSS component |
| 17 | 3306-05.2013 | Student Financial Supplement Scheme weekly tax table Including formulas for calculating monthly withholding |
| 18 | 3307-05.2013 | Student Financial Supplement Scheme fortnightly tax table Including statement of formulas |
| 21 | 3539-05.2013 | 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 | 4466-05.2013 | Tax table for seniors and pensioners Use for payments to low income aged persons and pensioners |
| 26 | 3347-05.2013 | Tax table for return to work payments |
| 29 | 3352-05.2013 | Tax table for payments made under a voluntary agreement |
| 32 | 70980-05.2013 | Tax table for employment termination payments |
| 40 | 5441-05.2013 | Tax table for additional amounts to withhold as a result of an upwards variation |
Revocation of current withholding schedules
The following withholding schedules are to be withdrawn:
| Schedule number | NAT number | Title |
| 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 |
| 14 | 2335-05.2012 | Statement of formulas for calculating Higher Education Loan Program (HELP) component |
| 16 | 3305-05.2012 | Statement of formulas for calculating Student Financial Supplement Scheme (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 |
| 26 | 3347-05.2006 | Tax table for return to work payments |
| 29 | 3352-11.2005 | Tax table for payments made under a voluntary agreement |
| 32 | 70980-05.2012 | Tax table for employment termination payments |
Signed on the 28th of May 2013
Erin Holland
Deputy Commissioner of Taxation
Registration Number: F2013L00908
Registration Date: 4 June 2013
Related Explanatory Statements:
OPS 2013/3 - Explanatory statement