CTHRepealedLegislation
Taxation Administration Act 1953 - Withholding Schedules 2005 (2004 Budget Changes)
Calculating the monthly SFSS componentCalculating the monthly SFSS component
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Calculating the monthly SFSS component
Calculate the weekly equivalent of monthly earnings by obtaining the sum of the monthly earnings subject to withholding – if the result is an amount ending in 33 cents, add 1 cent – and
multiply this amount by 3/13. 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 13/3 and round to the nearest dollar.