Taxation Administration Act Withholding Schedules 2006
I, Michael D’Ascenzo, Commissioner of Taxation, make this instrument under section 15-25 of Schedule 1 to the Taxation Administration Act 1953.
Dated: 26 May 2006
MICHAEL D’ASCENZO
Commissioner of Taxation
1 Name of instrument
This instrument is the Taxation Administration Act Withholding Schedules 2006.
2 Commencement
This instrument commences on 1 July 2006.
3 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 of 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 Chapter 5A of the Higher Education Act 1988.
4 Withholding Schedules
Each of the withholding schedules listed in the following table, has effect:
Schedule number
NAT number
Title
1
1004-05.2006
Statement of formulas for calculating amounts to be withheld
2
1005-05.2006
Weekly tax table
Incorporating Medicare levy with and without leave loading
3
1006-05.2006
Fortnightly tax table
Incorporating Medicare levy with and without leave loading
4
1007-05.2006
Monthly tax table
Incorporating Medicare levy with and without leave loading
5
1008-05.2006
Weekly tax table with no and half Medicare levy
Including weekly table for Medicare levy adjustment – half levy
6
1010-05.2006
Medicare levy adjustment weekly tax table
7
1011-05.2006
Medicare levy adjustment fortnightly tax table
8
1012-05.2006
Medicare levy adjustment monthly tax table
9
1023-05.2006
Special tax table for actors, variety artists and other entertainers
10
1024-05.2006
Special daily rates tax table
Incorporating Medicare levy, including statement of formulas
11
2173-05.2006
Higher Education Loan Programme (HELP) weekly tax table
Including statement of formulas
12
2185-05.2006
Higher Education Loan Programme (HELP) fortnightly tax table
Including statement of formulas
13
2186-05.2006
Higher Education Loan Programme (HELP) monthly tax table
Including statement of formulas
14
2335-05.2006
Statement of formulas for calculating Higher Education Loan Programme (HELP) component
Including coefficients for calculating weekly withholding amounts incorporating HELP component
15
2446-05.2006
Statement of formulas for calculating withholding amounts for members of the Defence Force
16
3305-05.2006
Statement of formulas for calculating Student Financial Supplement Scheme (SFSS) component
Including coefficients for calculating weekly withholding amounts incorporating SFSS component
17
3306-05.2006
Student Financial Supplement Scheme (SFSS) weekly tax table
Including statement of formulas
18
3307-05.2006
Student Financial Supplement Scheme (SFSS) fortnightly tax table
Including statement of formulas
19
3308-05.2006
Student Financial Supplement Scheme (SFSS) monthly tax table
Including statement of formulas
20
3479-05.2006
Quarterly tax table
Incorporating Medicare levy with and without leave loading
21
3539-05.2006
Coefficients for calculating weekly withholding amounts
Incorporating Student Financial Supplement Scheme (SFSS) component and Higher Education Loan Programme (HELP) component
22
4466-05.2006
Special tax table for aged pensioners and low income aged persons (senior Australians)
24
1013-05.2006
Special tax table for individuals employed in the horticultural industry
Including statement of formulas
25
1014-05.2006
Special tax table for individuals employed in the shearing industry
Including statement of formulas
26
3347-05.2006
Tax table for return to work payments
27
3349-05.2006
Tax table for eligible termination payments
28
3351-05.2006
Tax table for unused leave payments on termination of employment
30
3348-05.2006
Tax table for back payments including lump sum payments in arrears
31
3350-05.2006
Tax table for superannuation pensions and annuities
5 Revocation of current withholding schedules
The following withholding schedules are to be withdrawn:
Schedule number
NAT number
Title
1A
1004A-5.2005
Statement of formulas for calculating amounts to be withheld
2A
1005A-5.2005
Weekly tax table incorporating Medicare levy with and without leave loading
3A
1006A-5.2005
Fortnightly tax table incorporating Medicare levy with and without leave loading
4A
1007A-5.2005
Monthly tax table incorporating Medicare levy with and without leave loading
5A
1008A-5.2005
Weekly tax table with no and half Medicare levy including Medicare levy adjustment
6A
1010A-5.2005
Medicare levy adjustment weekly tax table
7A
1011A-5.2005
Medicare levy adjustment fortnightly tax table
8A
1012A-5.2005
Medicare levy adjustment monthly tax table
9A
1023A-5.2005
Special tax tables for actors, variety artists and other entertainers
10A
1024A-5.2005
Special daily rates tax table incorporating Medicare levy, including Statement of formulas
11A
2173A-5.2005
Higher Education Loan Programme (HELP) weekly tax table (including statement of formulas)
12A
2185A-5.2005
Higher Education Loan Programme (HELP) fortnightly tax table (including statement of formulas)
13A
2186A-5.2005
Higher Education Loan Programme (HELP) Monthly tax table (including statement of formulas)
14A
2335A-5.2005
Statement of formulas for calculating Higher Education Loan Programme (HELP) component
15A
2446A-5.2005
Statement of formulas for calculating withholding amounts for Members of the Defence Force
16A
3305A-5.2005
Statement of Formulas for calculating Student Financial Supplement Scheme (SFSS) component
17A
3306A-5.2005
Student Financial Supplement Scheme (SFSS) weekly tax table including statement of formulas
18A
3307A-5.2005
Student Financial Supplement Scheme (SFSS) fortnightly tax table including statement of formulas
19A
3308A-5.2005
Student Financial Supplement Scheme (SFSS) monthly tax table including statement of formulas
20A
3479A-5.2005
Quarterly tax table incorporating Medicare levy with and without leave loading
21A
3539A-5.2005
Coefficients for calculating weekly withholding amounts incorporating Student Financial Supplement Scheme (SFSS) component and Higher Education Contribution Scheme (HECS) or Higher Education Loan Programme (HELP) component
22A
4466A-5.2005
Special tax table for aged pensioners and low income aged persons (Senior Australians)
24
1013-11.2005
Special tax table for payments to individuals employed in the horticultural industry – including statement of formulas
25
1014-11.2005
Special tax table for payments to individuals employed in the shearing industry – including statement of formulas
26
3347-11.2005
Tax table for return to work payments
27
3349-11.2005
Tax table for eligible termination payments
28
3351-11.2005
Tax table for unused leave payments on termination of employment
3348-9.2004
Tax table for back payments including lump sum payments in arrears
3350-12.2002
Superannuation pensions and annuities
