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

Schedule 3  

7   Subsection 995-1(1)

Insert:

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

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

(b) an amount that the entity paid to the Commissioner under Division 14 in that Schedule in respect of the *non-cash benefit of which the withholding payment consists.