{"id":"F2016L00433","name":"PAYG Withholding Variation: Insurance and Compensation","slug":"payg-withholding-variation-insurance-and-compensation","collection":"legislative_instrument","jurisdiction":"commonwealth","status":"repealed","isInForce":false,"actNumber":null,"makingDate":null,"administeringDepartment":null,"currentVersion":{"id":129038,"registerId":"commonwealth-F2016L00433-current","compilationNumber":null,"startDate":"2026-04-03","status":"Repealed","reasons":null,"registeredAt":null},"sections":[{"sectionNumber":"1","sectionType":"section","heading":"PAYG Withholding Variation: Insurance and Compensation","content":"Legislative Instrument\n\nPAYG WITHHOLDING VARIATION: Insurance and Compensation\n\nI, Steve Vesperman, Deputy Commissioner of Taxation, make this determination under:\n\n    section 15\\-15 of Schedule 1 to the Taxation Administration Act 1953, and\n    section 16-180 of Schedule 1 to the Taxation Administration Act 1953.\n\nSteve Vesperman\n\nDeputy Commissioner of Taxation\n\n23 March 2016\n\n1.  Name of instrument\n\nThis determination is the PAYG Withholding Variation: Insurance and Compensation.\n\n2. Commencement\n\nThis instrument commences on 1 April 2016.\n\n3. Repealing of existing instrument\n\nThis legislative instrument repeals legislative instrument\n\n    PAYG Withholding Variation: Insurance and Compensation – F2006B00211, registered on 23 January 2006\n\n4. Application\n\nThis instrument applies to payments covered by Section 12-190 in Schedule 1 to the Taxation Administration Act 1953 and within the class of cases described below: :\n\n-   an insurer to another entity in settlement of a claim under an insurance policy, or\n-   an entity operating a statutory compensation scheme to another entity in settlement of a claim for compensation under that scheme, or\n-   an entity operating a compulsory third party scheme to another entity in settlement of a claim for compensation under that scheme.\n\n5. Amount to be withheld\n\nThe amount to be withheld from payments covered by this instrument has been varied to nil.\n\n    6. Payment summaries\n\nAn entity is exempted under section 16-180 of Schedule 1 to the Taxation Administration Act 1953 from the requirement to issue payment summaries under section 16-167 of Schedule 1 for payments that are covered by this instrument.","sortOrder":0}],"analysis":{"kimi_summary":{"_metrics":{"model":"kimi-k2.5","source":"moonshot-batch","completionTokens":1604},"content_quality":"ok","complexity_score":2,"scope_assessment":{"changed":false,"description":"This instrument is a direct remake of a 2006 determination with identical scope. It maintains the same limited application to insurance settlements, statutory compensation schemes, and compulsory third-party schemes without expansion into new areas."},"complexity_factors":["Very short instrument (only 6 operative sections)","No definitions or interpretation section","Simple binary application test (is the payment an insurance/compensation settlement?)","Single clear outcome (withholding reduced to nil, exemption from payment summaries)","Limited cross-referencing (only cites enabling sections of the Taxation Administration Act)"],"plain_english_summary":"This determination removes pay‑as‑you‑go withholding and the requirement to issue payment summaries for insurance claim and statutory compensation payouts. It applies to insurers, government compensation schemes and compulsory third‑party scheme operators. Recipients receive settlements in full with no tax withheld at source, but must still report the receipts and pay any tax owing on their tax return."}},"importantCases":[],"_links":{"self":"/api/acts/payg-withholding-variation-insurance-and-compensation","history":"/api/acts/payg-withholding-variation-insurance-and-compensation/history","analysis":"/api/acts/payg-withholding-variation-insurance-and-compensation/analysis","conflicts":"/api/acts/payg-withholding-variation-insurance-and-compensation/conflicts","importantCases":"/api/acts/payg-withholding-variation-insurance-and-compensation/important-cases","documents":"/api/acts/payg-withholding-variation-insurance-and-compensation/documents"}}