CTHIn ForceAct
Taxation Administration Act 1953
16‑95 Meaning of large withholder16‑95 Meaning of large withholder
Start here
Get a plain-English read of 16‑95 Meaning of large withholder
Turn the raw legal text into a practical explanation grounded in Taxation Administration Act 1953.
#### 16‑95 Meaning of large withholder
(1) An entity is a large withholder for a particular month (the current month) in a \*financial year starting on or after 1 July 2001 if:
(a) it was a \*large withholder for June 2001; or
(b) the \*amounts withheld by the entity during a financial year ending at least 2 months before the current month exceeded $1 million; or
(c) both of the following apply:
(i) at the end of a financial year (the threshold year) ending at least 2 months before the current month, the entity was one of a number of companies that were at that time all members of the same \*wholly‑owned group;
(ii) the amounts withheld by those companies during the threshold year exceeded $1 million; or
(d) the Commissioner determines under section 16‑115 that the entity is a large withholder for the current month.
> Note: Different rules apply for working out who is a large withholder for a month in 2000‑01\. See section 16‑125.
Exception
(2) However, the entity is not a \*large withholder if the Commissioner determines under section 16‑110 that it is a \*medium withholder or a \*small withholder for the current month.