Treasury Laws Amendment (2020 Measures No. 3) Act 2020 (61 of 2020)

Schedule 6   Cash flow boost

Boosting Cash Flow for Employers (Coronavirus Economic Response Package) Act 2020

3   Paragraphs 5(1)(a) and (b)

Repeal the paragraphs, substitute:

(a) any of the following requirements are satisfied:

(i) the entity makes a payment in the period and must withhold an amount from the payment under Subdivision 12-B, 12-C or 12-D in Schedule 1 to the Taxation Administration Act 1953 (regardless of whether the entity actually withholds the amount);

(ii) the entity must pay an amount under Division 13 in that Schedule in relation to an alienated personal services payment that it receives in the period (regardless of whether the entity actually pays the amount); and