Taxation Administration Act 1953 - Withholding Schedules 2005 (2004 Budget Changes)
Weekly levy adjustment (WLA)Weekly levy adjustment (WLA)
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Weekly levy adjustment (WLA)
Scale 2 applied
Where weekly earnings are $301 or more but less than SOP, the weekly levy adjustment is derived by applying the weekly earnings (x) expressed in whole dollars plus an amount of 99 cents (see Calculation of weekly earnings on page 2), in the following formulas:
(1) If x is less than $325,
WLA = (x – 301.20) × 0.2
(2) If x is $325 or more but less than WFT,
WLA = x × 0.0150
(3) If x is equal to or greater than WFT and less than SOP,
WLA \= (WFT × 0.0150) – ((x – WFT) × 0.1850)
Scale 6 applied
Where weekly earnings are $509 or more but less than SOP, the weekly levy adjustment is derived by applying the weekly earnings (x) expressed in whole dollars plus an amount of 99 cents (see Calculation of weekly earnings on page 2), in the following formulas:
(1) If x is less than $551,
WLA = (x – 509.88) × 0.1
(2) If x is $551 or more but less than WFT,
WLA = x × 0.0075
(3) If x is equal to or greater than WFT and less than SOP,
WLA \= (WFT × 0.0075) – ((x – WFT) × 0.0925)
Scale 7 applied
Where weekly earnings are $305 or more but less than SOP, the weekly levy adjustment is derived by applying the weekly earnings (x) expressed in whole dollars plus an amount of 99 cents (see Calculation of weekly earnings on page 2), in the following formulas:
(1) If x is less than $330,
(1) WLA = (x – 305.81) × 0.2
(2) If x is $330 or more but less than WFT,
WLA = x × 0.0150
(3) If x is equal to or greater than WFT and less than SOP,
WLA = (WFT × 0.0150) – ((x – WFT) × 0.1850)
In each case WLA should be rounded to the nearest dollar. Values terminating in exactly 50 cents should be rounded to the next higher dollar.
Examples:
1. Payee’s weekly earnings are $315.33 and Scale 2 is applied.
x \= 315.99
As x is less than $325, WLA is calculated using formula (1):
WLA = (315.99 – 301.20) × 0.2
= 2.958 or $3.00 (rounded to the nearest dollar).
2. Payee’s weekly earnings are $556.47 and the number of children claimed at question 12 is 2. Scale 6 is applied.
x = 556.99
WFT = ((2464 × 2) + 26514) ÷ 52
= 604.6538 or $604.65 (rounded to the nearest cent)