Taxation Laws Amendment Act (No. 1) 2004 (101 of 2004)

Schedule 11   Technical amendments

Part 2   Amendments commencing on 22 December 1999

Division 1   Withholding from mining payments

Taxation Administration Act 1953

3   Subsection 12-320(2) in Schedule 1

Repeal the subsection, substitute:

(2) Subsection (1) does not require the entity to withhold more than the *mining withholding tax payable in respect of the *mining payment.

Note: Section 128V of the Income Tax Assessment Act 1936 deals with mining withholding tax liability.