PAYG Withholding Variation: Body corporates (Cth)

Legislative Instrument

PAYG Withholding Variation: Body corporates

I, Steve Vesperman, Deputy Commissioner of Taxation, make this variation under section 15-15 of Schedule 1 to the Taxation Administration Act 1953.

Steve Vesperman
Deputy Commissioner of Taxation
Dated: 29 March 2016

1. Name of instrument

This instrument is the PAYG Withholding Variation: Body corporates.

1. Effective dates

This instrument commences on 1 April 2016 and will be withdrawn on 31 October 2016.

1. Repealing of existing instrument

This legislative instrument repeals and replaces legislative instrument PAYG Withholding Variation: Body corporate (F2006B00402), registered on 21 February 2006.

1. Application

This instrument applies to any payment covered by section 12-190 in Schedule 1 to the Taxation Administration Act 1953 to a body corporate of residential or commercial property made by a member of that body corporate in respect of:

(i)    body corporate levies;

(ii)  access fees to inspect books of account, insurance policies, rolls, minutes etc; or

(iii) fees payable to the body corporate for the collection of rents from the common property.

1. Amount to be withheld

The amount to be withheld from payments covered by this instrument is varied to nil.