Australian Taxation Office
 
Taxation Administration Act 1953
 
Pay as you go withholding
 
Taxation Administration Act Withholding Schedules 2013 – Legislative Instrument
I, Erin Kathleen Holland, Deputy Commissioner of Taxation, make this instrument under section 15-25 of Schedule 1 to the Taxation Administration Act 1953.
Signed on the 28th of May 2013
 
Erin Holland
Deputy Commissioner of Taxation
 
Commencement
This instrument commences on 1 July 2013.
Purpose
(1)            Withholding schedules specify the amounts, formulas and procedures to be used for working out the amount required to be withheld by an entity from a withholding payment covered by Subdivision 12-B, 12-C or 12-D of Schedule 1 to the Taxation Administration Act 1953.
(2)            The withholding schedules in this instrument are made for the purposes of collecting income tax, Medicare levy and amounts of liabilities to the Commonwealth under the Higher Education Support Act 2003, the Social Security Act 1991 and the Student Assistance Act 1973.
(3)           This legislative instrument also revokes Taxation Administration Act 1953 – tax table for employment termination payments (FRLI number: F2012L01427 registered on 29 June 2012).
Withholding Schedules
Each of the withholding schedules listed in the following table, has effect:
 
Schedule number
NAT number
Title

11
2173-05.2013
Higher Education Loan Program weekly tax table
Including statement of formulas for calculating weekly and monthly withholding

12
2185-05.2013
Higher Education Loan Program fortnightly tax table
Including statement of formulas

14
2335-05.2013
Statement of formulas for calculating Higher Education Loan Program (HELP) component
Including coefficients for calculating weekly withholding amounts incorporating HELP component

16
3305-05.2013
Statement of formulas for calculating Student Financial Supplement Scheme (SFSS) component
Including coefficients for calculating weekly withholding amounts incorporating SFSS component

17
3306-05.2013
Student Financial Supplement Scheme weekly tax table
Including formulas for calculating monthly withholding

18
3307-05.2013
Student Financial Supplement Scheme fortnightly tax table
Including statement of formulas

21
3539-05.2013
Calculating Higher Education Loan Program in conjunction with Student Financial Supplement Scheme
The coefficients in this table should be used together with the Statement of formulas for calculating amounts to be withheld (NAT1004)

22
4466-05.2013
Tax table for seniors and pensioners
Use for payments to low income aged persons and pensioners

26
3347-05.2013
Tax table for return to work payments

29
3352-05.2013
Tax table for payments made under a voluntary agreement

32
70980-05.2013
Tax table for employment termination payments

40
5441-05.2013
Tax table for additional amounts to withhold as a result of an upwards variation

Revocation of current withholding schedules
The following withholding schedules are to be withdrawn:
 
Schedule number
NAT number
Title

11
2173-05.2012
Higher Education Loan Program weekly tax table
Including statement of formulas for calculating weekly and monthly withholding

12
2185-05.2012
Higher Education Loan Program fortnightly tax table

14
2335-05.2012
Statement of formulas for calculating Higher Education Loan Program (HELP) component

16
3305-05.2012
Statement of formulas for calculating Student Financial Supplement Scheme (SFSS) component

17
3306-05.2012
Student Financial Supplement Scheme weekly tax table
Including formulas for calculating monthly withholding

18
3307-05.2012
Student Financial Supplement Scheme fortnightly tax table
Including statement of formulas

21
3539-05.2012
Calculating Higher Education Loan Program in conjunction with Student Financial Supplement Scheme
The coefficients in this table should be used together with the Statement of formulas for calculating amounts to be withheld (NAT1004)

22
4466-05.2012
Tax table for seniors and pensioners
Use for payments to low income aged persons and pensioners

26
3347-05.2006
Tax table for return to work payments

29
3352-11.2005
Tax table for payments made under a voluntary agreement

32
70980-05.2012
Tax table for employment termination payments