Prescribed Payments System
PPS Bulletin 2W
Notice of WithdrawalDate of Issue: 18 April 2007
Valid from 18 April 2007
How it affects the building and construction industry
PPS Bulletin Number 2 is withdrawn with effect from today.
1. PPS Bulletin Number 2 explains what a prescribed payment is and how the Prescribed Payments System (PPS) affects the building and construction industry.
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 the building and construction industry from that date.
3. PPS Bulletin Number 2 is no longer current and does not apply to the building and construction industry after 1 July 2000.
ATO references:
NO NAT 2006/20258
Related Rulings/Determinations:
PPS Bulletin 2