Treasury Laws Amendment (2020 Measures No. 3) Act 2020 (61 of 2020)

Schedule 6   Cash flow boost

Boosting Cash Flow for Employers (Coronavirus Economic Response Package) Act 2020

2   Subsection 4(4)

Repeal the subsection, substitute:

(4) An entity's withholding period total for a periodis the total of the following:

(a) the total of all amounts that the entity withholds under Subdivision 12-B, 12-C or 12-D in Schedule 1 to the Taxation Administration Act 1953 from payments that it makes in the period;

(b) the total of all amounts that the entity must pay under Division 13 in that Schedule in relation to alienated personal services payments that it receives in the period (regardless of whether the entity actually pays the amounts).