Taxation Administration – Single Touch Payroll – 2019-20 and 2020-21 Income Years Closely Held Payees Exemption 2021
3. Application3. Application
Start here
Get a plain-English read of 3. Application
Turn the raw legal text into a practical explanation grounded in Taxation Administration – Single Touch Payroll – 2019-20 and 2020-21 Income Years Closely Held Payees Exemption 2021.
3. Application
This instrument applies for the 2019-20 and 2020-21 income years to an entity which:
(a) was not at any time before 1 April 2019 a substantial employer within the meaning of former subsection 389-5(6) of Schedule 1 to the Taxation Administration Act 1953 (TAA 1953);
(b) pays an amount described in the table in subsection 389-5(1) of Schedule 1 to the TAA 1953 to a closely held payee;
(c) is registered for the purposes of Subdivision 16-BA of Schedule 1 to the TAA 1953; and
(d) is not a large withholder as defined in section 16-95 of Schedule 1 to the TAA 1953.