sec.43ECMeaning of significant wage change

### sec.43EC Meaning of significant wage change A significant wage change happens during a periodic return period for an employer or group if the previous estimated wages for the period differ by more than 30% from the current estimated wages for the period. In this section— current estimated wages , in relation to a periodic return period, means— for an employer—the total amount of the taxable wages and any interstate wages, for the current financial year, estimated by the employer at the end of the periodic return period; or for a group—the total amount of the taxable wages and any interstate wages, for the current financial year, estimated by the members of the group at the end of the periodic return period. previous estimated wages , in relation to a periodic return period, means— for an employer—the total amount of the taxable wages and any interstate wages, for the current financial year, estimated by the employer at the most recent of the following days— the end of the previous periodic return period; the most recent calculation day for the periodic return period under section 43EB (2) ; or for a group—the total amount of the taxable wages and any interstate wages, for the current financial year, estimated by the members of the group at the most recent of the following days— the end of the previous periodic return period; the most recent calculation day for the periodic return period under section 43EB (2) . s 43EC ins 2022 No. 30 s 37 (sec.43EC-ssec.1) A significant wage change happens during a periodic return period for an employer or group if the previous estimated wages for the period differ by more than 30% from the current estimated wages for the period. (sec.43EC-ssec.2) In this section— current estimated wages , in relation to a periodic return period, means— for an employer—the total amount of the taxable wages and any interstate wages, for the current financial year, estimated by the employer at the end of the periodic return period; or for a group—the total amount of the taxable wages and any interstate wages, for the current financial year, estimated by the members of the group at the end of the periodic return period. previous estimated wages , in relation to a periodic return period, means— for an employer—the total amount of the taxable wages and any interstate wages, for the current financial year, estimated by the employer at the most recent of the following days— the end of the previous periodic return period; the most recent calculation day for the periodic return period under section 43EB (2) ; or for a group—the total amount of the taxable wages and any interstate wages, for the current financial year, estimated by the members of the group at the most recent of the following days— the end of the previous periodic return period; the most recent calculation day for the periodic return period under section 43EB (2) . - (a) for an employer—the total amount of the taxable wages and any interstate wages, for the current financial year, estimated by the employer at the end of the periodic return period; or - (b) for a group—the total amount of the taxable wages and any interstate wages, for the current financial year, estimated by the members of the group at the end of the periodic return period. - (a) for an employer—the total amount of the taxable wages and any interstate wages, for the current financial year, estimated by the employer at the most recent of the following days— (i) the end of the previous periodic return period; (ii) the most recent calculation day for the periodic return period under section 43EB (2) ; or - (i) the end of the previous periodic return period; - (ii) the most recent calculation day for the periodic return period under section 43EB (2) ; or - (b) for a group—the total amount of the taxable wages and any interstate wages, for the current financial year, estimated by the members of the group at the most recent of the following days— (i) the end of the previous periodic return period; (ii) the most recent calculation day for the periodic return period under section 43EB (2) . - (i) the end of the previous periodic return period; - (ii) the most recent calculation day for the periodic return period under section 43EB (2) . - (i) the end of the previous periodic return period; - (ii) the most recent calculation day for the periodic return period under section 43EB (2) ; or - (i) the end of the previous periodic return period; - (ii) the most recent calculation day for the periodic return period under section 43EB (2) .