Taxation Administration Act 1953 Withholding Schedules 2006 (Cth)
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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 loading3 1006-05.2006 Fortnightly tax table
Incorporating Medicare levy with and without leave loading4 1007-05.2006 Monthly tax table
Incorporating Medicare levy with and without leave loading5 1008-05.2006 Weekly tax table with no and half Medicare levy
Including weekly table for Medicare levy adjustment – half levy6 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 formulas11 2173-05.2006 Higher Education Loan Programme (HELP) weekly tax table
Including statement of formulas12 2185-05.2006 Higher Education Loan Programme (HELP) fortnightly tax table
Including statement of formulas13 2186-05.2006 Higher Education Loan Programme (HELP) monthly tax table
Including statement of formulas14 2335-05.2006 Statement of formulas for calculating Higher Education Loan Programme (HELP) component
Including coefficients for calculating weekly withholding amounts incorporating HELP component15 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 component17 3306-05.2006 Student Financial Supplement Scheme (SFSS) weekly tax table
Including statement of formulas18 3307-05.2006 Student Financial Supplement Scheme (SFSS) fortnightly tax table
Including statement of formulas19 3308-05.2006 Student Financial Supplement Scheme (SFSS) monthly tax table
Including statement of formulas20 3479-05.2006 Quarterly tax table
Incorporating Medicare levy with and without leave loading21 3539-05.2006 Coefficients for calculating weekly withholding amounts
Incorporating Student Financial Supplement Scheme (SFSS) component and Higher Education Loan Programme (HELP) component22 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 formulas25 1014-05.2006 Special tax table for individuals employed in the shearing industry
Including statement of formulas26 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
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