Prescribed Payments System
PPS Bulletin 11W
Notice of WithdrawalDate of Issue: 18 April 2007
Valid from 18 April 2007
The meaning of the term 'payment' for PPS purposes
PPS Bulletin Number 11 is withdrawn with effect from today.
1. PPS Bulletin Number 11 identifies and explains the broad class of contracts referred to in the definition of the term 'payment' in subsection 221YHA(1) of the Income Tax Assessment Act 1936, for the purposes of the Prescribed Payments System (PPS).
2. The Pay As You Go withholding system came into effect from 1 July 2000 and replaced the PPS. The PPS ceased to apply to payments made from that date.
3. PPS Bulletin Number 11 is no longer current and does not apply to payments made after 1 July 2000.
ATO references:
NO NAT 2006/20258
Related Rulings/Determinations:
PPS Bulletin 11