Taxation Administration Act 1953 Withholding Schedules 2007 (Cth)

Taxation Administration Act Withholding Schedules 2007

I, Erin Kathleen Holland, Acting Second Commissioner of Taxation, make this instrument under section 15-25 of Schedule 1 to the Taxation Administration Act 1953.

Dated: 28 May 2007

Erin Holland

Acting Second Commissioner of Taxation

1              Name of instrument

This instrument is the Taxation Administration Act Withholding Schedules 2007.

2              Commencement

This instrument commences on 1 July 2007.

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 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.

4              Withholding Schedules

Each of the withholding schedules listed in the following table, has effect:

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 Medicare levy adjustment to half levy – table.
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
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
34	70982-05.2007	Tax table for superannuation income streams

5              Revocation of current withholding schedules

The following withholding schedules are to be withdrawn:

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)
27	3349-05.2006	Tax table for eligible termination payments
28	3351-05.2006	Tax table for unused leave payments on termination of employment
31	3350-05.2006	Superannuation pensions and annuities