• Schedule 5 – Weekly tax table with no and half Medicare levy

    Incorporating Medicare levy adjustment to half levy

    Attention

    For payments made on or after 1 July 2012 to 30 June 2014

    This document is a withholding schedule made by the Commissioner of Taxation in accordance with sections 15-25 and 15-30 of schedule 1 to the Taxation Administration Act 1953. It applies to withholding payments covered by Subdivisions 12-B (except sections 12-50 and 12-55), and 12-D of schedule 1.

    End of attention

    Who should use this table?

    Attention

    Warning:

    This information may not apply to the current year. Check the content carefully to ensure it is applicable to your circumstances.

    End of attention

    Use this table if you make payments to a prescribed person entitled to a full or half levy exemption from the Medicare levy. These include members of the defence force and certain recipients of repatriation and social security pensions and benefits.

    You should use this table if you make any of the following payments to these payees on a weekly basis:

    • salary, wages, allowances and leave loading paid to employees
    • paid parental leave to an eligible worker
    • director’s fees
    • salary and allowances paid to office holders (including members of parliament, statutory office holders, defence force members and police officers)
    • payments to labour hire workers
    • payments to religious practitioners
    • government education or training payments
    • compensation, sickness or accident payments that are calculated at a periodical rate and made because a person is unable to work (unless the payment is made under an insurance policy to the policy owner).

    If you make payments to these payees on a fortnightly, monthly or quarterly basis, you will need to convert their payments into weekly earnings. For more information, refer to Working out the fortnightly, monthly or quarterly withholding amounts.

    For this table to apply, your payee must have completed both of the following:

    Other tax tables may apply if you made payments to shearers, workers in the horticultural industry, performing artists and those engaged on a daily or casual basis.

    Find out more

    For a full list of tax tables, refer to Tax tables.

    End of find out more

    Can you use a formula?

    The withholding amounts shown in this table can be expressed in a mathematical form.

    If you have developed your own payroll software package, to refer to Statement of formulas for calculating amounts to be withheld (NAT 1004).

    Last modified: 14 Jun 2013QC 25923