Variation 27
Commonwealth of Australia Gazette (No. S 318, 19 August 2003)
Taxation Administration Act 1953
Pay as you go (PAYG) withholding
Notice of variation of amount required to be withheld
I, Erin Kathleen Holland, Deputy Commissioner of Taxation, vary the amounts required to be withheld from withholding payments that are:
- •
- covered by Subdivision 12-B, 12-C and 12-D of Schedule 1 to the Taxation Administration Act 1953 (TAA 1953); and
- •
- within the class of cases described below.
The amount required to be withheld is varied upwards to include the additional withholding amounts as per the table below:
Weekly earnings | Additional withholding |
---|---|
$400 to $1000 | $1 |
>$1,000 to $1,200 | $3 |
>$1200 | $5 |
I made this variation of the amount required to be withheld under the power contained in section 15-15 of Schedule 1 to the TAA 1953 to meet the special circumstances of that class of cases.
Effective for payments made from 20 August 2003
This variation applies to payments made from 20 August 2003.
Class of cases
This variation applies to payments that are:
- •
- subject to the rates of withholding specified in the withholding schedules; and
- •
- occur during a financial year that has 53 pay periods;
where the payee has requested that additional amounts be withheld in accordance with the table above and the payee has given the payer an effective Tax file number declaration.
Signed at Moonee Ponds, this 15th day of August 2003
Erin Holland
Deputy Commissioner of Taxation