Commonwealth legislation

Taxation Administration Act 1953 - Tax table for back payments, commissions, bonuses and similar payments

RepealedCTH

This Act has been repealed and is no longer in force. It is retained for historical reference.

Jurisdiction

Commonwealth

Collection

legislative instrument

Plain English Summary

5/10 complexity

This instrument is an official PAYG withholding schedule that tells employers and other payers how much tax to withhold from lump‑sum payments (back pay, commissions, bonuses and similar one‑off amounts). It sets the withholding calculation used for income tax, the Medicare levy, and student‑loan and certain social‑security debts.

It replaces the 2012 schedule and applies to relevant payments made from 1 July 2013.

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Current sections

Direct links to the current provisions in Taxation Administration Act 1953 - Tax table for back payments, commissions, bonuses and similar payments.

Taxation Administration Act 1953 - Tax table for back payments, commissions, bonuses and similar payments

Australian Taxation Office

Taxation Administration Act 1953

Pay as you go withholding

Taxation Administration Act 1953 - Tax table for back payments, commissions, bonuses and similar payments – Legislative Instrument

I, Erin Kathleen Holland, Deputy Commissioner of Taxation, make this instrument under section 15-25 of Schedule 1 to the Taxation Administration Act 1953.

This legislative instrument revokes Legislative Instrument No. F2012L01068 registered on the 24th May 2012.

Signed on the 5 April 2013

Erin Holland

Deputy Commissioner of Taxation

Commencement

This instrument commences on 1 July 2013.

Purpose

(1) Withholding schedules specify 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 Subdivision 12-B, 12-C or 12-D of Schedule 1 to the Taxation Administration Act 1953.

(2) The withholding schedule in this instrument is made for the purposes of collecting income tax, Medicare levy and amounts of liabilities to the Commonwealth under the Higher Education Funding Act 1988, the Higher Education Support Act 2003, the Social Security Act 1991 and the Student Assistance Act 1973.

Withholding Schedule

Schedule: 30

NAT Number: 3348-03.2013.

Title: Tax table for back payments, commissions, bonuses and similar payments

Source text

Sourced from the Federal Register of Legislation (legislation.gov.au), CC BY 4.0.

1 Taxation Administration Act 1953 - Tax table for back payments, commissions, bonuses and similar payments