Australian Taxation Office
 
Taxation Administration Act 1953
 
Pay as you go withholding
 
Taxation Administration Act 1953 - Tax table for back payments, commissions, bonuses and similar payments – 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 21st day of May 2012
 
Erin Holland
Deputy Commissioner of Taxation
 
Commencement
This instrument commences on 1 July 2012.
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 schedule in this instrument is made for the purposes of collecting income tax, Medicare levy and amounts of liabilities to the Commonwealth under the Higher Education Funding Act 1988, the Higher Education Support Act 2003, the Social Security Act 1991 and the Student Assistance Act 1973.
(3)           The withholding schedule in this instrument combines three current withholding schedules into one.
 
 
Withholding Schedule
Schedule:                  30
NAT Number:            3348-02.2012.
Title:                            Tax table for back payments, commissions, bonuses and similar payments
 
has effect from 1 July 2012.
 
 
Revocation of current withholding schedules
The current tax tables:-
-         Tax table for back payments (NAT 3348-05.2010)
-         Tax table for commission payments (NAT 10146-11.2003)
-         Tax table for bonuses and similar payments (NAT 7905-09.2004)
are withdrawn.