Variation 28

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Commonwealth of Australia Gazette (No. GN 47, 26 November 2003)

This legislative instrument has been repealed by Variation 42 (F2016L00433)

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 to nil, the amount required to be withheld from withholding payments that are:

•

covered by section 12-190 in Schedule 1 to the Taxation Administration Act 1953, and

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within the class of cases described below.

I made this variation of the amount required to be withheld under the power contained in section 15-15 in Schedule 1 to the Taxation Administration Act 1953 to meet the special circumstances of that class of cases.

This variation is effective for payments made on or after the date on which a copy of this notice is published in the Gazette.

Class of cases

Any payment made by:

1.

an insurer to another entity in settlement of a claim under an insurance policy, or

2.

an entity operating a statutory compensation scheme to another entity in settlement of a claim for compensation under that scheme, or

3.

an entity operating a compulsory third party scheme to another entity in settlement of a claim for compensation under that scheme.

Expressions used in the class of cases have the same meaning as in A New Tax System (Goods and Services Tax) Act 1999.

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Signed at Moonee Ponds, this 17th day of November 2003

Erin Holland
Deputy Commissioner of Taxation

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Registration Number: F2006B00211

Registration Date: 23 January 2006

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