Commonwealth legislation

PAYG Withholding Variation: Body Corporate

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Jurisdiction

Commonwealth

Collection

legislative instrument

Plain English Summary

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This instrument sets the PAYG withholding amount to nil for payments made by members to a residential or commercial body corporate for levies, fees to inspect books or records, and fees for collecting rent from common property (Application cl 4; Determination cl 5). It is made by the Deputy Commissioner under section 15‑15 (Sch 1, Taxation Administration Act 1953), takes effect the day after registration, and replaces an earlier instrument (cl 2–3).

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PAYG Withholding Variation: Body Corporate

Legislative Instrument

PAYG Withholding Variation: Body Corporate

I, Matthew Bambrick, Acting Deputy Commissioner of Taxation, make this variation under section 15-15 of Schedule 1 to the Taxation Administration Act 1953.

Matthew Bambrick

Acting Deputy Commissioner of Taxation

Dated: 5 October 2016

Name of instrument

This instrument is the PAYG Withholding Variation: Body Corporate.

2. Commencement

This instrument commences on the day after its registration on the Federal Register of Legislative Instruments.

3. Repealing of existing instrument

This legislative instrument repeals and replaces legislative instrument PAYG Withholding Variation: Body corporates (F2016L00440), registered on 30 March 2016.

4. Application

This instrument applies to any payment covered by section 12-190 in Schedule 1 to the Taxation Administration Act 1953 to a body corporate of residential or commercial property made by a member of that body corporate in respect of:

(i) body corporate levies;
(ii) access fees to inspect books of account, insurance policies, rolls, minutes etc; or
(iii) fees payable to the body corporate for the collection of rents from the common property.

5. Determination

The amount to be withheld from payments covered by this instrument is varied to nil.

Source text

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

1 PAYG Withholding Variation: Body Corporate

Legislative Instrument

PAYG Withholding Variation: Body Corporate

I, Matthew Bambrick, Acting Deputy Commissioner of Taxation, make this variation under section 15-15 of Schedule 1 to the Taxation Administration Act 1953.

Matthew Bambrick

Acting Deputy Commissioner of Taxation

Dated: 5 October 2016

Name of instrument

This instrument is the PAYG Withholding Variation: Body Corporate.

2. Commencement

This instrument commences on the day after its registration on the Federal Register of Legislative Instruments.

3. Repealing of existing instrument

This legislative instrument repeals and replaces legislative instrument PAYG Withholding Variation: Body corporates (F2016L00440), registered on 30 March 2016.

4. Application

(i) body corporate levies;
(ii) access fees to inspect books of account, insurance policies, rolls, minutes etc; or
(iii) fees payable to the body corporate for the collection of rents from the common property.

5. Determination

The amount to be withheld from payments covered by this instrument is varied to nil.