Taxation Administration Regulations 2017
PART 3
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INCOME TAX (CHAPTER 2 IN SCHEDULE 1 TO THE ACT)
Division 3
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Pay as you go (PAYG) withholding
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Working out the amount to withhold
Subdivision F
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Declarations
SECTION 56
WHEN NEW DECLARATION TO BE GIVEN
56(1)
An individual to whom subsection (2) or (3) applies must give a new declaration in the approved form to the entity mentioned in that subsection.
56(2)
This subsection applies to an individual if:
(a) the individual gives to an entity a declaration under subsection 15-50(1) or (3) in Schedule 1 to the Act about a matter; and
(b) the individual ' s circumstances change in relation to the matter.
56(3)
This subsection applies to an individual who:
(a) gives a TFN declaration to an entity expressing a wish to reduce the amount withheld to correspond with the tax-free threshold (within the meaning of the Income Tax Rates Act 1986 ); and
(b) becomes a foreign resident.
An individual to whom subsection (2) or (3) applies must give a new declaration in the approved form to the entity mentioned in that subsection.
56(2)
This subsection applies to an individual if:
(a) the individual gives to an entity a declaration under subsection 15-50(1) or (3) in Schedule 1 to the Act about a matter; and
(b) the individual ' s circumstances change in relation to the matter.
56(3)
This subsection applies to an individual who:
(a) gives a TFN declaration to an entity expressing a wish to reduce the amount withheld to correspond with the tax-free threshold (within the meaning of the Income Tax Rates Act 1986 ); and
(b) becomes a foreign resident.
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