Commonwealth legislation

PAYG Withholding - Special tax table - Joint Petroleum Development Area Withholding Schedule (05/02/2009)

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This Act has been repealed and is no longer in force. It is retained for historical reference.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

4/10 complexity

This instrument sets special tax‑withholding rules for workers in the Joint Petroleum Development Area (JPDA), supplying formulas and tables for employers to calculate income tax and Medicare levy deductions. It updates a prior schedule so current rates apply, affecting JPDA employers and employees and ensuring correct withholding under the unique Australia–Timor‑Leste revenue‑sharing arrangements.

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Current sections

Direct links to the current provisions in PAYG Withholding - Special tax table - Joint Petroleum Development Area Withholding Schedule (05/02/2009).

PAYG Withholding - Special tax table - Joint Petroleum Development Area Withholding Schedule (05/02/2009)

Taxation Administration Act 1953

Pay as you go withholding

Taxation Administration Act Special tax table - Joint Petroleum Development Area Withholding Schedule – 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 will revoke Legislative Instrument No. F2006L03348 registered on the 13th day of October 2006.

Dated this 5th day of February 2009

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Erin Holland

Deputy Commissioner of Taxation

Commencement

This instrument commences on 15 February 2009.

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 and Medicare levy.

Withholding Schedule

Schedule: 23

NAT Number: 7288-02.2009.

Title: Special tax table - Joint Petroleum Development Area

has effect from 15 February 2009.

Revocation of current withholding schedules

The current tax table – Special tax tables for payments to individuals performing work or services in the Joint Petroleum Development Area (JPDA) as defined in the Timor Sea Treaty (NAT 7288-10.2006) is withdrawn.

Source text

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

1 PAYG Withholding - Special tax table - Joint Petroleum Development Area Withholding Schedule (05/02/2009)