sec.148DWorking out annual deduction for transitional financial year—DGE for a group

### sec.148D Working out annual deduction for transitional financial year—DGE for a group This section applies to an employer if on 30 June 2023 the employer is the DGE for a group. Despite section 33, definition annual deduction , the annual deduction for the DGE for the transitional financial year is the greater of zero and the amount worked out by adding the deduction (first half) and deduction (second half) for the DGE. For subsection (2), the DGE’s deduction (first half) is the amount worked out using the following formula— where— A means the number of days in the designated period for the DGE— that are in the first half of the transitional financial year, whether or not wholly or partly concurrent; and for which 1 or more relevant group employers pay, or are liable to pay, as members of the group taxable wages or interstate wages, or taxable wages and interstate wages. B means the number of days in the designated period for the DGE— that are in the second half of the transitional financial year, whether or not wholly or partly concurrent; and for which 1 or more relevant group employers pay, or are liable to pay, as members of the group taxable wages or interstate wages, or taxable wages and interstate wages. C means the number of days in the transitional financial year. D 1 means the DGE’s deduction (first half) in dollars. IW 1 means the amount of interstate wages paid or payable for the part of the designated period for the DGE occurring in the first half of the transitional financial year by each relevant group employer as a member of the group. K means 1,300,000. TW 1 means the amount of taxable wages paid or payable for the part of the designated period for the DGE occurring in the first half of the transitional financial year by each relevant group employer as a member of the group. X see subsection (5). For subsection (2), the DGE’s deduction (second half) is the amount worked out using the following formula— where— A means the number of days in the designated period for the DGE— that are in the first half of the transitional financial year, whether or not wholly or partly concurrent; and for which 1 or more relevant group employers pay, or are liable to pay, as members of the group taxable wages or interstate wages, or taxable wages and interstate wages. B means the number of days in the designated period for the DGE— that are in the second half of the transitional financial year, whether or not wholly or partly concurrent; and for which 1 or more relevant group employers pay, or are liable to pay, as members of the group taxable wages or interstate wages, or taxable wages and interstate wages. C means the number of days in the transitional financial year. D 2 means the DGE’s deduction (second half) in dollars. IW 2 means the amount of interstate wages paid or payable for the part of the designated period for the DGE occurring in the second half of the transitional financial year by each relevant group employer as a member of the group. K means 1,300,000. TW 2 means the amount of taxable wages paid or payable for the part of the designated period for the DGE occurring in the second half of the transitional financial year by each relevant group employer as a member of the group. X see subsection (5). For subsections (3) and (4), the amount for X is to be worked out using the following formula— where— IW means the amount of interstate wages paid or payable by each relevant group employer as a member of the group during the designated period for the DGE. IW half means the amount of interstate wages paid or payable by each relevant group employer as a member of the group— in relation to the deduction (first half)—for the part of the designated period for the DGE occurring in the first half of the transitional financial year; or in relation to the deduction (second half)—for the part of the designated period for the DGE occurring in the second half of the transitional financial year. TW means the amount of taxable wages paid or payable by each relevant group employer as a member of the group during the designated period for the DGE. TW half means the amount of taxable wages paid or payable by each relevant group employer as a member of the group— in relation to the deduction (first half)—for the part of the designated period for the DGE occurring in the first half of the transitional financial year; or in relation to the deduction (second half)—for the part of the designated period for the DGE occurring in the second half of the transitional financial year. In this section— relevant group employer , for the designated period for the DGE for a group in the transitional financial year, means an employer who was a member of the group for all or part of the designated period. s 148D ins 2023 No. 18 s 29 (sec.148D-ssec.1) This section applies to an employer if on 30 June 2023 the employer is the DGE for a group. (sec.148D-ssec.2) Despite section 33, definition annual deduction , the annual deduction for the DGE for the transitional financial year is the greater of zero and the amount worked out by adding the deduction (first half) and deduction (second half) for the DGE. (sec.148D-ssec.3) For subsection (2), the DGE’s deduction (first half) is the amount worked out using the following formula— where— A means the number of days in the designated period for the DGE— that are in the first half of the transitional financial year, whether or not wholly or partly concurrent; and for which 1 or more relevant group employers pay, or are liable to pay, as members of the group taxable wages or interstate wages, or taxable wages and interstate wages. B means the number of days in the designated period for the DGE— that are in the second half of the transitional financial year, whether or not wholly or partly concurrent; and for which 1 or more relevant group employers pay, or are liable to pay, as members of the group taxable wages or interstate wages, or taxable wages and interstate wages. C means the number of days in the transitional financial year. D 1 means the DGE’s deduction (first half) in dollars. IW 1 means the amount of interstate wages paid or payable for the part of the designated period for the DGE occurring in the first half of the transitional financial year by each relevant group employer as a member of the group. K means 1,300,000. TW 1 means the amount of taxable wages paid or payable for the part of the designated period for the DGE occurring in the first half of the transitional financial year by each relevant group employer as a member of the group. X see subsection (5). (sec.148D-ssec.4) For subsection (2), the DGE’s deduction (second half) is the amount worked out using the following formula— where— A means the number of days in the designated period for the DGE— that are in the first half of the transitional financial year, whether or not wholly or partly concurrent; and for which 1 or more relevant group employers pay, or are liable to pay, as members of the group taxable wages or interstate wages, or taxable wages and interstate wages. B means the number of days in the designated period for the DGE— that are in the second half of the transitional financial year, whether or not wholly or partly concurrent; and for which 1 or more relevant group employers pay, or are liable to pay, as members of the group taxable wages or interstate wages, or taxable wages and interstate wages. C means the number of days in the transitional financial year. D 2 means the DGE’s deduction (second half) in dollars. IW 2 means the amount of interstate wages paid or payable for the part of the designated period for the DGE occurring in the second half of the transitional financial year by each relevant group employer as a member of the group. K means 1,300,000. TW 2 means the amount of taxable wages paid or payable for the part of the designated period for the DGE occurring in the second half of the transitional financial year by each relevant group employer as a member of the group. X see subsection (5). (sec.148D-ssec.5) For subsections (3) and (4), the amount for X is to be worked out using the following formula— where— IW means the amount of interstate wages paid or payable by each relevant group employer as a member of the group during the designated period for the DGE. IW half means the amount of interstate wages paid or payable by each relevant group employer as a member of the group— in relation to the deduction (first half)—for the part of the designated period for the DGE occurring in the first half of the transitional financial year; or in relation to the deduction (second half)—for the part of the designated period for the DGE occurring in the second half of the transitional financial year. TW means the amount of taxable wages paid or payable by each relevant group employer as a member of the group during the designated period for the DGE. TW half means the amount of taxable wages paid or payable by each relevant group employer as a member of the group— in relation to the deduction (first half)—for the part of the designated period for the DGE occurring in the first half of the transitional financial year; or in relation to the deduction (second half)—for the part of the designated period for the DGE occurring in the second half of the transitional financial year. (sec.148D-ssec.6) In this section— relevant group employer , for the designated period for the DGE for a group in the transitional financial year, means an employer who was a member of the group for all or part of the designated period. - (a) that are in the first half of the transitional financial year, whether or not wholly or partly concurrent; and - (b) for which 1 or more relevant group employers pay, or are liable to pay, as members of the group taxable wages or interstate wages, or taxable wages and interstate wages. - (a) that are in the second half of the transitional financial year, whether or not wholly or partly concurrent; and - (b) for which 1 or more relevant group employers pay, or are liable to pay, as members of the group taxable wages or interstate wages, or taxable wages and interstate wages. - (a) that are in the first half of the transitional financial year, whether or not wholly or partly concurrent; and - (b) for which 1 or more relevant group employers pay, or are liable to pay, as members of the group taxable wages or interstate wages, or taxable wages and interstate wages. - (a) that are in the second half of the transitional financial year, whether or not wholly or partly concurrent; and - (b) for which 1 or more relevant group employers pay, or are liable to pay, as members of the group taxable wages or interstate wages, or taxable wages and interstate wages. - (a) in relation to the deduction (first half)—for the part of the designated period for the DGE occurring in the first half of the transitional financial year; or - (b) in relation to the deduction (second half)—for the part of the designated period for the DGE occurring in the second half of the transitional financial year. - (a) in relation to the deduction (first half)—for the part of the designated period for the DGE occurring in the first half of the transitional financial year; or - (b) in relation to the deduction (second half)—for the part of the designated period for the DGE occurring in the second half of the transitional financial year.