Variation 34
Australian Government
This legislative instrument is repealed by F2022L01445.This legislative Instrument repeals Variation 4 (F2006B00403) and Variation 5 (F2006B00230)
Taxation Administration Act 1953
Notice of variation
I, Erin Kathleen Holland, Deputy Commissioner of Taxation, vary to nil the amount required to be withheld from withholding payments that are:
- 1.
- Covered by Subdivision 12-B (except section 12-55), 12C or 12D in Schedule 1 to the Taxation Administration Act 1953 and the payee:
- •
- is an individual who is under 18 years of age at the time of payment, and
- •
- has not provided the payer with a TFN declaration that is in effect, and
- •
- is to receive an amount which does not exceed:
- -
- $350 where the payer pays the payee weekly or
- -
- $700 where the payer pays the payee fortnightly or
- -
- $1,517 where the payer pays the payee monthly.
- Or
- 2.
- Covered by section 12-190 of Schedule 1 to the Taxation Administration Act 1953 (TAA 1953); and the supplier:
- •
- is an individual who is under 18 years of age at the time of payment, and
- •
- does not quote an Australian Business Number (ABN) to the payer and
- •
- the amount does not exceed $350 per week for the period.
I make this variation of the amount required to be withheld under the power contained in section 15-15 of Schedule 1 to the Taxation Administration Act 1953 to meet the special circumstances of that class of cases.
This instrument also revokes PAYG withholding variation - Under 18 years of age and no Tax File Number declared (Instrument No: F2006B00403) registered on 21st February 2006 and PAYG withholding variation - Under 18 years of age and no ABN (Instrument No: F2006B00230) registered on 6th February 2006.
Commencement
This variation applies to payments made on or after 1st July 2012.
Signed on
Erin Holland
Deputy Commissioner of Taxation
Registration Number: F2012L00884
Registration Date: 18 April 2012
Variation 34 - Explanatory statement