Division 3 - Taxation Administration Act 1953 - Withholding Schedules 2005 (2004 Budget Changes) - Purpose | Zoe

CTHRepealedLegislation

Taxation Administration Act 1953 - Withholding Schedules 2005 (2004 Budget Changes)

3Purpose

Start here

Get a plain-English read of 3

Turn the raw legal text into a practical explanation grounded in Taxation Administration Act 1953 - Withholding Schedules 2005 (2004 Budget Changes).

Ask Zoe about this section View in full context

3 Purpose

(1) Withholding schedules specify the amounts, formulas and procedures to be used for working out the amount required to be withheld by an entity from a withholding payment covered by Subdivision 12-B, 12-C or 12-D of Schedule 1 of the Taxation Administration Act 1953.
(2) The withholding schedules in this instrument are made for the purposes of collecting income tax, Medicare levy and amounts of liabilities to the Commonwealth under Chapter 5A of the Higher Education Act 1988.