Taxation Administration Act 1953
SCHEDULE 1
-
COLLECTION AND RECOVERY OF INCOME TAX AND OTHER LIABILITIES
PART 2-5
-
PAY AS YOU GO (PAYG) WITHHOLDING
Division 12
-
Payments from which amounts must be withheld
Subdivision 12-FA
-
Departing Australia superannuation payments
SECTION 12-310
12-310
LIMITS ON AMOUNT WITHHELD UNDER THIS SUBDIVISION
This Subdivision does not require an entity:
(a) to withhold an amount from a *departing Australia superannuation payment if no *withholding tax is payable in respect of the payment; or
(b) to withhold from a departing Australia superannuation payment more than the withholding tax payable in respect of the payment (reduced by each amount already withheld from it under this Subdivision).
View history note
Hide history noteNote: See section 3AA .
Chapter 2 - Collection, recovery and administration of income taxThis Subdivision does not require an entity:
(a) to withhold an amount from a *departing Australia superannuation payment if no *withholding tax is payable in respect of the payment; or
(b) to withhold from a departing Australia superannuation payment more than the withholding tax payable in respect of the payment (reduced by each amount already withheld from it under this Subdivision).
Note:
Section 301-175 of the Income Tax Assessment Act 1997 deals with the withholding tax liability.
This information is provided by CCH Australia Limited Link opens in new window. View the disclaimer and notice of copyright.