Commonwealth legislation

PAYG withholding - 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

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This Act has been repealed and is no longer in force. It is retained for historical reference.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

2/10 complexity

This instrument sets special PAYG withholding rules for people working in the Joint Petroleum Development Area (JPDA), requiring employers to use updated "Schedule 23" tax tables (replacing the 2004 version) when deducting income tax from JPDA wages. It affects JPDA oil and gas workers and their employers and commenced on 1 October 2005.

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Current sections

Direct links to the current provisions in PAYG withholding - 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.

PAYG withholding - 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

PAYG withholding – special tax table for payments to individuals performing work or services in the Joint Petroleum Development Area (JPDA) as defined in the Timor Sea Treaty

I, Raelene Susan Vivian, Deputy Commissioner of Taxation, make this instrument under section 15-25 of Schedule 1 to the Taxation Administration Act 1953.

Dated: 29 August 2005

Signed by Raelene Vivian

Deputy Commissioner of Taxation

Name of Instrument

This instrument is the PAYG withholding – 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.

Commencement

This instrument commences on 1 October 2005.

Purpose

Withholding schedules specify the 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 of Schedule 1 of the Taxation Administration Act 1953.

Withholding Schedule

Schedule: 23

NAT Number: 7288-08.2005.

Title: 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,

has effect from 1 October 2005.

Revocation of current schedule

The current tax table – Pay as you go (PAYG) withholding – 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 done at Dili on 20 May 2002 (NAT 7288-6.2004) is revoked.

Source text

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

1 PAYG withholding - 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