sec.37Definitions for sdiv 1

### sec.37 Definitions for sdiv 1 In this subdivision— final adjustment amount , for the employer for a final period, means the difference between— the employer’s final payroll tax amount for the period; and the employer’s periodic liability amount for the final period. s 37 def final adjustment amount amd 2009 No. 19 s 73 final deduction , for the employer for a final period, means the greater of zero and the amount worked out using the following formula— where— A means the number of days in the part of the final period starting on 1 July and ending on 31 December for which the employer pays, or is liable to pay, wages. B means the number of days in the part of the final period starting on 1 January and ending on 30 June for which the employer pays, or is liable to pay, wages. C means— if the final period is within a financial year that includes 29 February—366; or otherwise—365. FD means the final deduction in dollars. FW means the employer’s final wages for the period. IW means the amount of interstate wages paid or payable in the period. K means 1,300,000. s 37 def final deduction amd 2006 No. 34 s 17 ; 2008 No. 39 s 33 ; 2009 No. 19 s 65 ; 2012 No. 8 s 44 ; 2019 No. 20 s 40 ; 2022 No. 14 s 76 final payroll tax amount , for the employer for a final period, means— if the employer is not a group member on the last day of the period and the employer’s final deduction for the period is greater than the employer’s final wages for the period—zero; or if the employer is not a group member on the last day of the period and paragraph (a) does not apply—the amount worked out by applying the appropriate rate of payroll tax to the employer’s final wages for the period less the employer’s final deduction for the period; or if the employer is a group member on the last day of the period—the amount worked out by applying the appropriate rate of payroll tax to the employer’s final wages for the period. s 37 def final payroll tax amount amd 2009 No. 19 s 73 final wages , for the employer for a final period, means the total taxable wages paid or payable by the employer during the period. wages does not include foreign wages. s 37 ins 2004 No. 46 s 17 - (a) the employer’s final payroll tax amount for the period; and - (b) the employer’s periodic liability amount for the final period. - (a) if the final period is within a financial year that includes 29 February—366; or - (b) otherwise—365. - (a) if the employer is not a group member on the last day of the period and the employer’s final deduction for the period is greater than the employer’s final wages for the period—zero; or - (b) if the employer is not a group member on the last day of the period and paragraph (a) does not apply—the amount worked out by applying the appropriate rate of payroll tax to the employer’s final wages for the period less the employer’s final deduction for the period; or - (c) if the employer is a group member on the last day of the period—the amount worked out by applying the appropriate rate of payroll tax to the employer’s final wages for the period.