Taxation Administration Act 1953
12‑300 Limits on amount withheld under t12‑300 Limits on amount withheld under this Subdivision
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12‑300 Limits on amount withheld under this Subdivision
This Subdivision does not require an entity: (a) to withhold an amount from a *dividend, from interest (within the meaning of Division 11A of Part III of the Income Tax Assessment Act 1936) or from a *royalty if no *withholding tax is payable in respect of the dividend, interest or royalty; or (b) to withhold from a dividend, from interest (within the meaning of that Division) or from a royalty more than the withholding tax payable in respect of the dividend, interest or royalty (reduced by each amount already withheld from it under this Subdivision).
Note: Section 128B of the Income Tax Assessment Act 1936 deals with withholding tax liability.