Australian Taxation Office
Taxation Administration Act 1953
Pay as you go withholding
Taxation Administration Act Withholding Schedules 2012 – 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 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 Funding Act 1988, the Higher Education Support Act 2003, the Social Security Act 1991 and the Student Assistance Act 1973.
Withholding Schedules
Each of the withholding schedules listed in the following table, has effect:
Schedule number
NAT number
Title
1
1004-05.2012
Statement of formulas for calculating amounts to be withheld
2
1005-05.2012
Weekly tax table
Including instructions for calculating monthly and quarterly withholding
3
1006-05.2012
Fortnightly tax table
5
1008-05.2012
Weekly tax table with no and half Medicare levy
6
1010-05.2012
Medicare levy adjustment weekly tax table
7
1011-05.2012
Medicare levy adjustment fortnightly tax table
9
1023-05.2012
Tax table for actors, variety artists and other entertainers
10
1024-05.2012
Tax table for daily and casual workers
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
Including statement of formulas
14
2335-05.2012
Statement of formulas for calculating Higher Education Loan Program (HELP) component
Including coefficients for calculating weekly withholding amounts incorporating HELP component
16
3305-05.2012
Statement of formulas for calculating Student Financial Supplement Scheme (SFSS) component
Including coefficients for calculating weekly withholding amounts incorporating 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
23
7288-05.2012
Tax table for Joint Petroleum Development Area
Use for payments to workers and service providers in the Joint Petroleum Development Area (JPDA). The JPDA is defined in the Timor Sea Treaty
24
1013-05.2012
Tax table for individuals employed in the horticultural or shearing industry
Including statement of formulas
28
3351-05.2012
Tax table for unused leave payments on termination of employment
31
3350-05.2012
Tax table for annuities
33
70981-05.2012
Tax table for superannuation lump sums
34
70982-05.2012
Tax table for superannuation income streams
Revocation of current withholding schedules
The following withholding schedules are to be withdrawn:
Schedule number
NAT number
Title
1
1004-05.2011
Statement of formulas for calculating amounts to be withheld
Incorporating the temporary flood and cyclone reconstruction levy
1E
1004E-05.2011
Statement of formulas for calculating amounts to be withheld – flood levy exemption
2
1005-05.2011
Weekly tax table
Incorporating Medicare levy and temporary flood and cyclone reconstruction levy
2E
1005E-05.2011
Weekly tax table – flood levy exemption
Incorporating Medicare levy
3
1006-05.2011
Fortnightly tax table
Incorporating Medicare levy and temporary flood and cyclone reconstruction levy
3E
1006E-05.2011
Fortnightly tax table – flood levy exemption
Incorporating Medicare levy
4
1007-05.2011
Monthly tax table
Incorporating Medicare levy and temporary flood and cyclone reconstruction levy
4E
1007E-05.2011
Monthly tax table – flood levy exemption
Incorporating Medicare levy
5
1008-05.2011
Weekly tax table with no and half Medicare levy
Incorporating temporary flood and cyclone reconstruction levy
5E
1008E-05.2011
Weekly tax table with no and half Medicare levy – flood levy exemption
6
1010-05.2011
Medicare levy adjustment weekly tax table
7
1011-05.2011
Medicare levy adjustment fortnightly tax table
8
1012-05.2011
Medicare levy adjustment monthly tax table
9
1023-05.2011
Tax table for actors, variety artists and other entertainers
10
1024-05.2011
Tax table for daily and casual workers
Incorporating Medicare levy and temporary flood and cyclone reconstruction levy, including statement of formulas
10E
1024E-05.2011
Tax table for daily and casual workers - flood levy exemption
11
2173-05.2011
Higher Education Loan Program (HELP) weekly tax table
Including statement of formulas
12
2185-05.2011
Higher Education Loan Program (HELP) fortnightly tax table
Including statement of formulas
13
2186-05.2011
Higher Education Loan Program (HELP) monthly tax table
Including statement of formulas
14
2335-05.2011
Statement of formulas for calculating Higher Education Loan Program (HELP) component
Incorporating the temporary flood and cyclone reconstruction levy
Including coefficients for calculating weekly withholding amounts incorporating HELP component
14E
2335E-05.2011
Statement of formulas for calculating Higher Education Loan Program (HELP) component – flood levy exemption
Including coefficients for calculating weekly withholding amounts incorporating HELP component
15
2446-05.2011
Statement of formulas for calculating withholding amounts for members of the defence force
16
3305-05.2011
Statement of formulas for calculating Student Financial Supplement Scheme (SFSS) component
Incorporating the temporary flood and cyclone reconstruction levy
Including coefficients for calculating weekly withholding amounts incorporating SFSS component
16E
3305E-05.2011
Statement of formulas for calculating Student Financial Supplement Scheme (SFSS) component – flood levy exemption
Including coefficients for calculating weekly withholding amounts incorporating SFSS component
17
3306-05.2011
Student Financial Supplement Scheme (SFSS) weekly tax table
Including statement of formulas
18
3307-05.2011
Student Financial Supplement Scheme (SFSS) fortnightly tax table
Including statement of formulas
19
3308-05.2011
Student Financial Supplement Scheme (SFSS) monthly tax table
Including statement of formulas
20
3479-05.2011
Quarterly tax table
Incorporating Medicare levy and temporary flood and cyclone reconstruction levy
20E
3479E-05.2011
Quarterly tax table – flood levy exemption
Incorporating Medicare levy
21
3539-05.2011
Calculating Higher Education Loan Program in conjunction with Student Financial Supplement Scheme
Incorporating the temporary flood and cyclone reconstruction levy
The coefficients in this table should be used in conjunction with the Statement of formulas of calculating amounts to be withheld
21E
3539E-05.2011
Calculating Higher Education Loan Program in conjunction with Student Financial Supplement Scheme – flood levy exemption
The coefficients in this table should be used in conjunction with the Statement of formulas of calculating amounts to be withheld
22
4466-05.2011
Tax table for senior Australians
Incorporating the temporary flood and cyclone reconstruction levy
22E
4466E-05.2011
Tax table for senior Australians – flood levy exemption
23
7288-05.2010
Special tax table – Joint Petroleum Development Area
23
7288-05.2011
Special tax table – Joint Petroleum Development Area
24
1013-05.2006
Special tax table for payments to individuals employed in the horticultural industry – including statement of formulas
25
1014-05.2006
Special tax table for payments to individuals employed in the shearing industry – including statement of formulas
28
3351-05.2011
Tax table for unused leave payments on termination of employment
31
3350-05.2011
Tax table for annuities
33
70981-05.2011
Tax table for superannuation lump sums
34
70982-05.2011
Tax table for superannuation income streams
39
73834-05.2011
Statement of formulas for calculating flood levy component