Taxation Administration Act 1953 - Withholding Schedules 2012

Link to law: https://www.comlaw.gov.au/Details/F2012L01071

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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