TAXATION ADMINISTRATION REGULATIONS 1976 (REPEALED)

PART 5 - PAY AS YOU GO WITHHOLDING  

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Part 5 inserted by SR No 73 of 2000.

Division 3 - Payments in respect of which ABNs or TFNs not quoted and Part VA investment payments  

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Div 3 inserted by SR No 73 of 2000.

REGULATION 38   CERTAIN PAYMENTS FOR WHICH ABNs NOT QUOTED  

38(1)    
This regulation applies to a payment to which subsection 12-190(1) of Schedule 1 to the Act applies.

38(2)    
The amount to be withheld from the payment is an amount equal to the product of the top rate and the amount of the payment.

Note:

For top rate , see regulation 2 .

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Reg 38(2) amended by SLI No 189 of 2010, reg 3 and Sch 1 item 6, by inserting the note at the end, effective 1 July 2010.

Reg 38(2) amended by SLI No 10 of 2010, reg 3 and Sch 1 item 4, by substituting " the product of the top rate and the amount of the payment. " for " 46.5% of the amount of the payment. " , effective 12 February 2010.

Reg 38(2) amended by SLI No 156 of 2006, reg 3 and Sch 1 item 3, by substituting " 46.5% " for 48.5% " , effective 1 July 2006.

38(3)    
(Repealed by SLI No 189 of 2010)

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Reg 38(3) repealed by SLI No 189 of 2010, reg 3 and Sch 1 item 7, effective 20 June 2010. Reg 38(3) formerly read:

38(3)
In this regulation:

top rate
means the sum of:

(a) the highest rate specified in the table in Part I of Schedule 7 to the Income Tax Rates Act 1986 ; and

(b) the rate of levy specified in subsection 6(1) of the Medicare Levy Act 1986 .

Reg 38(3) inserted by SLI No 10 of 2010, reg 3 and Sch 1 item 5, effective 12 February 2010.

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