Taxation Administration Act 1953 - Withholding Schedules 2005 (2004 Budget Changes)
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Taxation Administration Act 1953 - Withholding Schedules 2005 (2004 Budget Changes)
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Individuals with an accumulated Higher Education Contribution Scheme (HECS), Higher Education Loan Programme (HELP) or Student Financial Supplement Scheme (SFSS) debt may be required to have additional amounts withheld from payments you make to them. A payee with a HECS or HELP debt, or Financial Supplement debt will notify you of those details on their Tax file number declaration or Withholding declaration.
Use the HELP tax tables to calculate additional withholding amounts for HECS or HELP debts. Use the SFSS tax tables to calculate additional withholding amounts for Financial Supplement debts.