CTHRepealedLegislation
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Taxation Administration Act 1953 - Withholding Schedules 2005 (2004 Budget Changes)
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Turn the raw legal text into a practical explanation grounded in Taxation Administration Act 1953 - Withholding Schedules 2005 (2004 Budget Changes).
Calculating the fortnightly SFSS component
Calculate the weekly equivalent of fortnightly earnings by dividing the sum of the fortnightly earnings subject to withholding by 2. Ignore any cents in the result and add 99 cents. Determine the rounded weekly SFSS component applicable to the weekly equivalent of earnings, and then multiply the result by 2.