Australian Taxation Office
Taxation Administration Act 1953
Pay as you go withholding
Taxation Administration Act Withholding Schedules 2008 – Legislative instrument
I, Michael D’Ascenzo, Commissioner of Taxation, make this instrument under section 15-25 of Schedule 1 to the Taxation Administration Act 1953.
Signed on the 23rd day of May 2008
Michael D’Ascenzo,
Commissioner of Taxation
Commencement
This instrument commences on 1 July 2008.
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
1004-05.2008
Statement of formulas for calculating amounts to be withheld
2
1005-05.2008
Weekly tax table
Incorporating Medicare levy with and without leave loading
3
1006-05.2008
Fortnightly tax table
Incorporating Medicare levy with and without leave loading
4
1007-05.2008
Monthly tax table
Incorporating Medicare levy with and without leave loading
5
1008-05.2008
Weekly tax table with no and half Medicare levy
Including weekly table for Medicare levy adjustment – half levy
6
1010-05.2008
Medicare levy adjustment weekly tax table
7
1011-05.2008
Medicare levy adjustment fortnightly tax table
8
1012-05.2008
Medicare levy adjustment monthly tax table
9
1023-05.2008
Special tax table for actors, variety artists and other entertainers
10
1024-05.2008
Special daily rates tax table
Incorporating Medicare levy, including statement of formulas
11
2173-05.2008
Higher Education Loan Programme (HELP) weekly tax table
Including statement of formulas
12
2185-05.2008
Higher Education Loan Programme (HELP) fortnightly tax table
Including statement of formulas
13
2186-05.2008
Higher Education Loan Programme (HELP) monthly tax table
Including statement of formulas
14
2335-05.2008
Statement of formulas for calculating Higher Education Loan Programme (HELP) component
Including coefficients for calculating weekly withholding amounts incorporating HELP component
15
2446-05.2008
Statement of formulas for calculating withholding amounts for members of the Defence Force
16
3305-05.2008
Statement of formulas for calculating Student Financial Supplement Scheme (SFSS) component
Including coefficients for calculating weekly withholding amounts incorporating SFSS component
17
3306-05.2008
Student Financial Supplement Scheme (SFSS) weekly tax table
Including statement of formulas
18
3307-05.2008
Student Financial Supplement Scheme (SFSS) fortnightly tax table
Including statement of formulas
19
3308-05.2008
Student Financial Supplement Scheme (SFSS) monthly tax table
Including statement of formulas
20
3479-05.2008
Quarterly tax table
Incorporating Medicare levy with and without leave loading
21
3539-05.2008
Coefficients for calculating weekly withholding amounts
Incorporating Student Financial Supplement Scheme (SFSS) component and Higher Education Loan Programme (HELP) component
22
4466-05.2008
Special tax table for aged pensioners and low income aged persons (senior Australians)
28
3351-05.2008
Tax table for unused leave payments on termination of employment
30
3348-05.2008
Tax table for back payments including lump sum payments in arrears
31
3350-05.2008
Tax table for annuities
32
70980-05.2008
Tax table for employment termination payments
33
70981-05.2008
Tax table for superannuation lump sums
Revocation of current withholding schedules
The following withholding schedules are to be withdrawn:
Schedule number
NAT number
Title
1
1004-05.2007
Statement of formulas for calculating amounts to be withheld
2
1005-05.2007
Weekly tax table
Incorporating Medicare levy with and without leave loading
3
1006-05.2007
Fortnightly tax table
Incorporating Medicare levy with and without leave loading
4
1007-05.2007
Monthly tax table
Incorporating Medicare levy with and without leave loading
5
1008-05.2007
Weekly tax table with no and half Medicare levy
Including weekly table for Medicare levy adjustment – half levy
6
1010-05.2007
Medicare levy adjustment weekly tax table
7
1011-05.2007
Medicare levy adjustment fortnightly tax table
8
1012-05.2007
Medicare levy adjustment monthly tax table
9
1023-05.2007
Special tax table for actors, variety artists and other entertainers
10
1024-05.2007
Special daily rates tax table
Incorporating Medicare levy, including statement of formulas
11
2173-05.2007
Higher Education Loan Programme (HELP) weekly tax table
Including statement of formulas
12
2185-05.2007
Higher Education Loan Programme (HELP) fortnightly tax table
Including statement of formulas
13
2186-05.2007
Higher Education Loan Programme (HELP) monthly tax table
Including statement of formulas
14
2335-05.2007
Statement of formulas for calculating Higher Education Loan Programme (HELP) component
Including coefficients for calculating weekly withholding amounts incorporating HELP component
15
2446-05.2007
Statement of formulas for calculating withholding amounts for members of the Defence Force
16
3305-05.2007
Statement of formulas for calculating Student Financial Supplement Scheme (SFSS) component
Including coefficients for calculating weekly withholding amounts incorporating SFSS component
17
3306-05.2007
Student Financial Supplement Scheme (SFSS) weekly tax table
Including statement of formulas
18
3307-05.2007
Student Financial Supplement Scheme (SFSS) fortnightly tax table
Including statement of formulas
19
3308-05.2007
Student Financial Supplement Scheme (SFSS) monthly tax table
Including statement of formulas
20
3479-05.2007
Quarterly tax table
Incorporating Medicare levy with and without leave loading
21
3539-05.2007
Coefficients for calculating weekly withholding amounts
Incorporating Student Financial Supplement Scheme (SFSS) component and Higher Education Loan Programme (HELP) component
22
4466-05.2007
Special tax table for aged pensioners and low income aged persons (senior Australians)
28
3351-05.2007
Tax table for unused leave payments on termination of employment
30
3348-05.2007
Tax table for back payments including lump sum payments in arrears
31
3350-05.2007
Tax table for non-superannuation income streams
32
70980-05.2007
Tax table for employment termination payments
33
70981-05.2007
Tax table for superannuation lump sums
