sec.43FAmount of periodic levy liability

### sec.43F Amount of periodic levy liability An employer’s liability ( periodic levy liability ) for the mental health levy for a periodic return period is the total of— the primary periodic liability under subsection (2) ; and the additional periodic liability under subsection (3) . For subsection (1) (a) , the primary periodic liability for a periodic return period is the greater of the amount worked out using the following formula and zero— where— A means the number of days the employer paid, or was liable to pay, wages in the period. B means the number of days in the period. L means the primary periodic liability for the period. PPT means the primary periodic threshold for the employer for the period. R means 0.25%. TW means the amount of the employer’s taxable wages for the period. For subsection (1) (b) , the additional periodic liability for a periodic return period is the greater of the amount worked out using the following formula and zero— where— A means the number of days the employer paid, or was liable to pay, wages in the period. APT means the additional periodic threshold for the employer for the period. B means the number of days in the period. L means the additional periodic liability for the period. R means 0.5%. TW means the amount of the employer’s taxable wages for the period. There is no periodic levy liability for the last periodic return period of a financial year. Under section 30 (1) (a) of the Administration Act , an employer’s periodic levy liability for a periodic return period must be paid on the date the employer is required to lodge a periodic return for the period. An employer may be required, under the Administration Act , to include assessed interest or penalty tax in an assessment of periodic levy liability. s 43F ins 2022 No. 14 s 85 amd 2022 No. 30 s 38 (sec.43F-ssec.1) An employer’s liability ( periodic levy liability ) for the mental health levy for a periodic return period is the total of— the primary periodic liability under subsection (2) ; and the additional periodic liability under subsection (3) . (sec.43F-ssec.2) For subsection (1) (a) , the primary periodic liability for a periodic return period is the greater of the amount worked out using the following formula and zero— where— A means the number of days the employer paid, or was liable to pay, wages in the period. B means the number of days in the period. L means the primary periodic liability for the period. PPT means the primary periodic threshold for the employer for the period. R means 0.25%. TW means the amount of the employer’s taxable wages for the period. (sec.43F-ssec.3) For subsection (1) (b) , the additional periodic liability for a periodic return period is the greater of the amount worked out using the following formula and zero— where— A means the number of days the employer paid, or was liable to pay, wages in the period. APT means the additional periodic threshold for the employer for the period. B means the number of days in the period. L means the additional periodic liability for the period. R means 0.5%. TW means the amount of the employer’s taxable wages for the period. (sec.43F-ssec.4) There is no periodic levy liability for the last periodic return period of a financial year. Under section 30 (1) (a) of the Administration Act , an employer’s periodic levy liability for a periodic return period must be paid on the date the employer is required to lodge a periodic return for the period. An employer may be required, under the Administration Act , to include assessed interest or penalty tax in an assessment of periodic levy liability. - (a) the primary periodic liability under subsection (2) ; and - (b) the additional periodic liability under subsection (3) . - 1 Under section 30 (1) (a) of the Administration Act , an employer’s periodic levy liability for a periodic return period must be paid on the date the employer is required to lodge a periodic return for the period. - 2 An employer may be required, under the Administration Act , to include assessed interest or penalty tax in an assessment of periodic levy liability.