CTHRepealedLegislation
Taxation Administration Act 1953 - Withholding Schedules 2005 (2004 Budget Changes)
When there are 53 pay periods in a finanWhen there are 53 pay periods in a financial year
Start here
Get a plain-English read of When there are 53 pay periods in a finan
Turn the raw legal text into a practical explanation grounded in Taxation Administration Act 1953 - Withholding Schedules 2005 (2004 Budget Changes).
When there are 53 pay periods in a financial year
Weekly payers may in some years pay their payees 53 times instead of the usual 52. As this schedule is based on 52 pays, the extra pay may result in insufficient amounts being withheld. Payers are asked to tell their payees when this occurs. Those payees who are concerned about a shortfall, may request their payer to withhold the additional amounts shown in the table below:
| Weekly earnings | Additional withholding |
|---|---|
| $ | $ |
| 420 to 1,199 | 1 |
| 1,200 to 1,524 | 4 |
| 1,525 and over | 5 |