Taxation Administration Act 1953 - Withholding Schedules 2005 (2004 Budget Changes)
Student Financial Supplement Scheme (SFSStudent Financial Supplement Scheme (SFSS)
Start here
Get a plain-English read of Student Financial Supplement Scheme (SFS
Turn the raw legal text into a practical explanation grounded in Taxation Administration Act 1953 - Withholding Schedules 2005 (2004 Budget Changes).
Student Financial Supplement Scheme (SFSS)
Individuals with an accumulated Financial Supplement debt may be required to have additional amounts withheld from payments made to them to cover their anticipated compulsory SFSS repayment. A payee with a Financial Supplement debt will notify the payer of those details on their Tax file number declaration or Withholding declaration. Use the SFSS weekly, fortnightly or monthly tax table to calculate the additional amounts to be withheld.