Taxation Administration Act 1953 - Withholding Schedules 2005 (2004 Budget Changes)
Tax file number (TFN) declarationsTax file number (TFN) declarations
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Tax file number (TFN) declarations
The amount to be withheld from payments made to payees is primarily determined by the answers given by the payee on a Tax file number declaration. A Tax file number declaration applies to payments made after the declaration is provided to the payer. A later declaration provided by a payee overrides an earlier declaration.
If a payee does not give the payer a Tax file number declaration within 14 days of commencing a payer/payee relationship, the payer must fill in a Tax file number declaration with all available details of the payee and send it to the Tax Office.
Any Employment declarations and/or Annuity and superannuation pension declarations that were valid at 30 June 2000 will continue to be valid under PAYG.