TAXATION ADMINISTRATION ACT 1953 (ARCHIVE)

SCHEDULE 1 - COLLECTION AND RECOVERY OF INCOME TAX AND OTHER LIABILITIES  

Special rules for 2000-01

SECTION 16-135 (Archive)   MEANING OF MEDIUM WITHHOLDER  

16-135(1)    
An entity is a medium withholder for a particular month (the current month ) in the *financial year starting on 1 July 2000 if the entity is not a *large withholder for that month and:

(a) the entity:

(i) was a medium remitter in relation to June 2000 because of section 220AAJ of the Income Tax Assessment Act 1936 ; and

(ii) would still have been a medium remitter in relation to June 2000 because of that section if the only deductions taken into account under that section were deductions made under Division 2 of Part VI of that Act; or

(b) the total of the deductions that the entity made under Division 2 of Part VI of that Act for the *financial year ending on 30 June 2000 exceeded $25,000; or

(c) the Commissioner determines under section 16-110 or 16-115 that the entity is a medium withholder for the current month.

16-135(2)    
However, the entity is not a *medium withholder if the Commissioner determines under section 16-110 or 16-115 that the entity is a *large withholder or a *small withholder for the current month.