Taxation Administration Act 1953
SCHEDULE 1
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COLLECTION AND RECOVERY OF INCOME TAX AND OTHER LIABILITIES
PART 2-5
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PAY AS YOU GO (PAYG) WITHHOLDING
Division 15
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Working out the amount to withhold
Subdivision 15-A
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Working out how much to withhold
SECTION 15-15
VARIATION OF AMOUNTS REQUIRED TO BE WITHHELD
15-15(1)
The Commissioner may, for the purposes of meeting the special circumstances of a particular case or class of cases, vary the *amount required to be withheld by an entity from a *withholding payment (except a withholding payment covered by section 12-140 , 12-145 , 12-175 or 12-180 or Subdivision 12-FC or 12-H ). If the Commissioner does so, the amount is varied accordingly.
15-15(2)
The Commissioner ' s power to vary an amount includes the power to reduce the amount to nil.
15-15(3)
A variation must be made: (a) if it applies to a particular entity - by a written notice given to that entity; or (b) if it applies to a class of entities - by legislative instrument.
View history note
Hide history noteNote: See section 3AA .
Chapter 2 - Collection, recovery and administration of income taxThe Commissioner may, for the purposes of meeting the special circumstances of a particular case or class of cases, vary the *amount required to be withheld by an entity from a *withholding payment (except a withholding payment covered by section 12-140 , 12-145 , 12-175 or 12-180 or Subdivision 12-FC or 12-H ). If the Commissioner does so, the amount is varied accordingly.
Note 1:
Section 12-140 is about a payment arising from an investment where the recipient does not quote its tax file number (or, in some cases, its ABN).
Note 2:
Sections 12-175 and 12-180 are about a payment of the income of a closely held trust to a beneficiary, where the beneficiary does not quote the beneficiary ' s tax file number.
Note 3:
Section 12-145 is about an investor becoming presently entitled to income of a unit trust.
Note 3A:
Subdivision 12-FC is about certain labour mobility programs.
Note 4:
Subdivision 12-H is about distributions of withholding MIT income.
15-15(2)
The Commissioner ' s power to vary an amount includes the power to reduce the amount to nil.
15-15(3)
A variation must be made: (a) if it applies to a particular entity - by a written notice given to that entity; or (b) if it applies to a class of entities - by legislative instrument.
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