INCOME TAX ASSESSMENT ACT 1936 (ARCHIVE)

PART VI - COLLECTION AND RECOVERY OF TAX  

Division 3A - Collection of tax in respect of certain payments for work  

Subdivision B - Operative provisions  

SECTION 221YHP   DEDUCTION VARIATION CERTIFICATES  

221YHP(1)   Applications.  

A person may apply to the Commissioner, in a form approved by the Commissioner for the purpose, for the issue to the person of a deduction variation certificate specifying, as the deduction variation certificate percentage, the percentage requested by the person in the application. The percentage must be less than the ordinary percentage.

221YHP(2)   Conditions of issue of certificate.  

The Commissioner must issue the certificate, and specify in it the percentage as the deduction variation certificate percentage, if the Commissioner is satisfied that:

(a) the percentage is a reasonable estimate of the percentage that would be represented by the tax payable from time to time, on a whole year of income basis, on the person's taxable income if the person's assessable income consisted only of prescribed payments; and

(b) during the period of 12 months before making the application, the applicant has satisfactorily complied with his or her obligations under Acts administered by the Commissioner.

221YHP(3)   Deduction variation certificate number.  

The Commissioner must include in the certificate a number as its deduction variation certificate number.

221YHP(4)   When certificate in force.  

The deduction variation certificate comes into force on the day on which it is issued to the person and, subject to subsection (5), remains in force at all times afterwards.

221YHP(5)   When certificate ceases to be in force.  

The deduction variation certificate ceases to be in force if:

(a) it is revoked under section 221YHS ; or

(b) a later deduction variation certificate comes into force in relation to the person.