CTHRepealedLegislation
Taxation Administration Act 1953 - Withholding Schedules 2005 (2004 Budget Changes)
Shading out point (SOP)Shading out point (SOP)
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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).
Shading out point (SOP)
The shading out point relative to a payee’s weekly family threshold is calculated as follows:
Multiply WFT by 0.2 and divide the result by 0.1850. Ignore any cents in the result.
Example: Payee has shown 6 dependent children against question 12 and Scale 2 is applied.
WFT = ((2464 × 6) + 26514) ÷ 52
= 794.1923
or $794.19 (rounded to the nearest cent)
SOP = (WFT × 0.2) ÷ 0.1850
= ($794.19 × 0.2) ÷ 0.1850
= 858.5838
or $858 (ignoring cents)