A New Tax System (Pay As You Go) Act 1999 (178 of 1999)

Schedule 3  

6   Subsection 995-1(1)

Insert:

amount required to be withheld by an entity from a *withholding payment means:

(a) the amount that the entity must withhold from the payment under Division 12 in Schedule 1 to the Taxation Administration Act 1953; or

(b) the amount that Division 14 in that Schedule requires the entity to pay to the Commissioner in respect of the *non-cash benefit of which the withholding payment consists;

or that amount as varied by the Commissioner under section 16-15 in the Schedule.