sec.10Imposition of payroll tax on taxable wages

### sec.10 Imposition of payroll tax on taxable wages Subject to, and in accordance with, the provisions of this Act, there shall be charged, levied and paid for the use of Her Majesty on all taxable wages payroll tax at the rate of 4.75% of the taxable wages paid or payable in the financial year ending 30 June 2020 or in a later financial year. However, the rate of payroll tax is increased for an employer to 4.95% of taxable wages for each return period during which— if the employer is a member of a group—the total of the taxable wages and interstate wages paid or payable by the members of the group is more than the threshold amount; or otherwise—the total of the taxable wages and interstate wages paid or payable by the employer is more than the threshold amount. The rate of payroll tax imposed under this section is subject to any discount that may apply under section 10A . In this section— threshold amount means— for an annual return period—$6,500,000; or for a periodic return period that is a month—$541,666; or for any other period—the amount worked out using the following formula— where— AA means $6,500,000. FYD means the number of days in the financial year in which the period occurs. PD means the number of days in the period. TA means the threshold amount. s 10 amd 1973 No. 45 s 3 (retro); 1974 No. 59 s 3 ; 1999 No. 78 s 9 ; 2002 No. 17 s 52 ; 2009 No. 19 s 73 ; 2019 No. 20 s 32 (sec.10-ssec.1) Subject to, and in accordance with, the provisions of this Act, there shall be charged, levied and paid for the use of Her Majesty on all taxable wages payroll tax at the rate of 4.75% of the taxable wages paid or payable in the financial year ending 30 June 2020 or in a later financial year. (sec.10-ssec.2) However, the rate of payroll tax is increased for an employer to 4.95% of taxable wages for each return period during which— if the employer is a member of a group—the total of the taxable wages and interstate wages paid or payable by the members of the group is more than the threshold amount; or otherwise—the total of the taxable wages and interstate wages paid or payable by the employer is more than the threshold amount. (sec.10-ssec.3) The rate of payroll tax imposed under this section is subject to any discount that may apply under section 10A . (sec.10-ssec.4) In this section— threshold amount means— for an annual return period—$6,500,000; or for a periodic return period that is a month—$541,666; or for any other period—the amount worked out using the following formula— where— AA means $6,500,000. FYD means the number of days in the financial year in which the period occurs. PD means the number of days in the period. TA means the threshold amount. - (a) if the employer is a member of a group—the total of the taxable wages and interstate wages paid or payable by the members of the group is more than the threshold amount; or - (b) otherwise—the total of the taxable wages and interstate wages paid or payable by the employer is more than the threshold amount. - (a) for an annual return period—$6,500,000; or - (b) for a periodic return period that is a month—$541,666; or - (c) for any other period—the amount worked out using the following formula— where— AA means $6,500,000. FYD means the number of days in the financial year in which the period occurs. PD means the number of days in the period. TA means the threshold amount.