{"id":"F2012L01427","name":"Taxation Administration Act 1953 - Tax table for employment termination payments","slug":"taxation-administration-act-1953-tax-table-for-employment-termination-payments","collection":"legislative_instrument","jurisdiction":"commonwealth","status":"repealed","isInForce":false,"actNumber":null,"makingDate":null,"administeringDepartment":null,"currentVersion":{"id":89448,"registerId":"commonwealth-F2012L01427-current","compilationNumber":null,"startDate":"2026-04-02","status":"Repealed","reasons":null,"registeredAt":null},"sections":[{"sectionNumber":"1","sectionType":"section","heading":"Taxation Administration Act 1953 - Tax table for employment termination payments","content":"Australian Taxation Office\n\nTaxation Administration Act 1953\n\nPay as you go withholding\n\nTaxation Administration Act 1953 – Tax table for employment termination payments – Legislative Instrument\n\nI, Erin Kathleen Holland, Deputy Commissioner of Taxation, make this instrument under section 15-25 of Schedule 1 to the Taxation Administration Act 1953.\n\nSigned on the 28th day of June 2012\n\nErin Holland\n\nDeputy Commissioner of Taxation\n\nCommencement\n\nThis instrument commences on 1 July 2012.\n\nPurpose\n\n(1) The withholding schedule in this instrument specifies the amounts, formulas and procedures to be used for working out the amount required to be withheld by an entity from a withholding payment covered by paragraph 12-85(b) of Schedule 1 to the Taxation Administration Act 1953.\n\n(2) The withholding schedule in this instrument is made for the purposes of collecting income tax and Medicare levy.\n\n(3) The withholding schedule in this instrument has been made in accordance with Tax Laws Amendment (2012 Measures No. 3) Act 2012.\n\nWithholding Schedule\n\nSchedule: 32\n\nNAT Number: 70980-06.2012.\n\nTitle: Tax table for employment termination payments\n\nhas effect from 1 July 2012.\n\nRevocation of current withholding schedule\n\nThe current Tax table for employment termination payments (NAT 70980-05.2011) is withdrawn.","sortOrder":0}],"analysis":{"kimi_summary":{"_metrics":{"model":"kimi-k2.5","source":"moonshot-batch","completionTokens":2749},"content_quality":"ok","complexity_score":4,"scope_assessment":{"changed":false,"description":"This instrument updates the tax rates and calculation methods for employment termination payments to reflect changes introduced by the Tax Laws Amendment (2012 Measures No. 3) Act 2012. It operates strictly within the existing PAYG withholding framework and does not expand the scope beyond specifying withholding amounts for ETPs."},"complexity_factors":["Specifies mathematical formulas and tiered tax rate thresholds for calculating withholding amounts","Cross-references specific provisions of the Taxation Administration Act 1953 (Schedule 1, section 15-25 and paragraph 12-85(b))","Revokes and replaces a previous version of the withholding schedule (NAT 70980-05.2011)","Implements amendments flowing from the Tax Laws Amendment (2012 Measures No. 3) Act 2012","Operates within the broader PAYG withholding framework requiring employers to distinguish between different types of termination payments"],"plain_english_summary":"This instrument sets the PAYG withholding tables for Employment Termination Payments (ETPs) — lump sums paid when a job ends (redundancy, unused leave, golden handshakes). Effective 1 July 2012, it replaces the 2011 table and tells employers how much income tax and Medicare levy to deduct, affecting both employers’ withholding obligations and employees’ net lump sums."}},"importantCases":[],"_links":{"self":"/api/acts/taxation-administration-act-1953-tax-table-for-employment-termination-payments","history":"/api/acts/taxation-administration-act-1953-tax-table-for-employment-termination-payments/history","analysis":"/api/acts/taxation-administration-act-1953-tax-table-for-employment-termination-payments/analysis","conflicts":"/api/acts/taxation-administration-act-1953-tax-table-for-employment-termination-payments/conflicts","importantCases":"/api/acts/taxation-administration-act-1953-tax-table-for-employment-termination-payments/important-cases","documents":"/api/acts/taxation-administration-act-1953-tax-table-for-employment-termination-payments/documents"}}