OPS 2014/3

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AUSTRALIAN GOVERNMENT

This legislative instrument has been automatically repealed, and sunset on 1 October 2024.

Taxation Administration Act 1953
Section 15-25 of Schedule 1

Legislative Instrument

I, Steve Vesperman, 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 2014.

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, Temporary Budget Repair 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) The withholding schedules in this instrument replace schedules which currently apply. This instrument revokes those schedules.

Withholding Schedules

Each of the withholding schedules listed in the following table, has effect from the date of commencement of this instrument.

Revocation of current withholding schedules

Each of the withholding schedules listed in the following table, is withdrawn:

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Signed on the 29th of May 2014

Steve Versperman
Deputy Commissioner of Taxation

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Registration Number: F2014L00689

Registration Date: 10 June 2014

Related Explanatory Statements:

OPS 2014/3 - Explanatory statement

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