TAXATION ADMINISTRATION ACT 1953 (ARCHIVE)
SECTION 16-135 (Archive) MEANING OF MEDIUM WITHHOLDER 16-135(1)
An entity is a medium withholder for a particular month (the current month ) in the *financial year starting on 1 July 2000 if the entity is not a *large withholder for that month and:
(a) the entity:
(i) was a medium remitter in relation to June 2000 because of section 220AAJ of the Income Tax Assessment Act 1936 ; and
(ii) would still have been a medium remitter in relation to June 2000 because of that section if the only deductions taken into account under that section were deductions made under Division 2 of Part VI of that Act; or
(b) the total of the deductions that the entity made under Division 2 of Part VI of that Act for the *financial year ending on 30 June 2000 exceeded $25,000; or
(c) the Commissioner determines under section 16-110 or 16-115 that the entity is a medium withholder for the current month.
16-135(2)
However, the entity is not a *medium withholder if the Commissioner determines under section 16-110 or 16-115 that the entity is a *large withholder or a *small withholder for the current month.
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