Taxation Administration Act 1953 PAYG Withholding Tax Tables: Lump Sum Payments in Arrears (19/10/2004) (Cth)

Australian Taxation Office

Taxation Administration Act 1953

Notice of withholding schedule

I, John Michael Becker, Assistant Commissioner of Taxation, notify under section

15-25 of Schedule 1 to the Taxation Administration Act 1953 (TAA 1953) that I have made the withholding schedule specified below.  The schedule applies to payments made on or after 1 November 2004.

The withholding schedule specifies the amounts required to be withheld by an entity from a withholding payment covered by Subdivision 12-B (except sections 12-50 and 12-55), 12-C (except 12-85 and 12-90) and 12-D of Schedule 1 to the TAA 1953 paid as a lump sum.

I have made the schedule in accordance with sections 15-25 and 15-30 of Schedule 1 for the purposes of collecting income tax and Medicare levy.

The withholding schedule can be obtained from the ATO website at of withholding schedule made:

Pay As You Go (PAYG) Withholding Tax Tables

NAT 3348-9.2004      Pay as you go (PAYG) withholding tax table – back payments including lump sum payments in arrears.

Dated this 19th day of October 2004.

Signed by

John Becker

Assistant Commissioner of Taxation