Commonwealth legislation

Taxation Administration Act 1953 - PAYG Withholding Variation: Under 18 years of age and no ABN (20/06/2001)

RepealedCTH

This Act has been repealed and is no longer in force. It is retained for historical reference.

Jurisdiction

Commonwealth

Collection

legislative instrument

Plain English Summary

2/10 complexity

This rule exempts Australian employers from PAYG withholding when paying casual workers under 18 up to $120 per week, even if the worker doesn’t provide an ABN. It targets employers hiring teens for small jobs and young workers in that pay range, cutting paperwork and preventing onerous withholding on minimal, irregular payments.

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Current sections

Direct links to the current provisions in Taxation Administration Act 1953 - PAYG Withholding Variation: Under 18 years of age and no ABN (20/06/2001).

Taxation Administration Act 1953 - PAYG Withholding Variation: Under 18 years of age and no ABN (20/06/2001)

Pay As You Go (PAYG) Withholding

Notice of variation of amount required to be withheld

I, Murray Boyd Crowe, Assistant Commissioner of Taxation, vary to nil the amount required to be withheld from withholding payments that are:

covered by section 12-190 of Schedule 1 to the Taxation Administration Act 1953 (TAA 1953); and
within the class of cases described below.

I make this variation of the amount required to be withheld under the power contained in section 15-15 of Schedule 1 to the TAA 1953 to meet the special circumstances of that class of cases.

Effective for payments made on or after 1 July 2001

This variation applies to payments made on or after 1 July 2001.

Class of cases

Any payments made to individuals under the age of 18 (eighteen) years where the payment

(i) does not exceed $120 per week; and

(ii) the supplier does not quote an Australian Business Number (ABN) to the payer.

Signed at Canberra, this 20th day of June 2001.

Signed by Murray Crowe

Assistant Commissioner of Taxation

Source text

Sourced from the Federal Register of Legislation (legislation.gov.au), CC BY 4.0.

1 Taxation Administration Act 1953 - PAYG Withholding Variation: Under 18 years of age and no ABN (20/06/2001)