Taxation Administration Act Withholding Schedules 2012 – Legislative Instrument (Cth)
Australian Taxation Office
Taxation Administration Act 1953
Pay as you go withholding
Taxation Administration Act Withholding Schedules 2012 – Legislative Instrument
I, Erin Kathleen Holland, Deputy Commissioner of Taxation, make this instrument under section 15-25 of Schedule 1 to the Taxation Administration Act 1953.
Signed on the 21st day of May 2012
Erin Holland
Deputy Commissioner of Taxation
Commencement
This instrument commences on 1 July 2012.
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.
Withholding Schedules
Each of the withholding schedules listed in the following table, has effect:
Schedule number NAT number Title 1 1004-05.2012 Statement of formulas for calculating amounts to be withheld 2 1005-05.2012 Weekly tax table
Including instructions for calculating monthly and quarterly withholding
3 1006-05.2012 Fortnightly tax table 5 1008-05.2012 Weekly tax table with no and half Medicare levy 6 1010-05.2012 Medicare levy adjustment weekly tax table 7 1011-05.2012 Medicare levy adjustment fortnightly tax table 9 1023-05.2012 Tax table for actors, variety artists and other entertainers 10 1024-05.2012 Tax table for daily and casual workers 11 2173-05.2012 Higher Education Loan Program weekly tax table
Including statement of formulas for calculating weekly and monthly withholding
12 2185-05.2012 Higher Education Loan Program fortnightly tax table
Including statement of formulas14 2335-05.2012 Statement of formulas for calculating Higher Education Loan Program (HELP) component
Including coefficients for calculating weekly withholding amounts incorporating HELP component16 3305-05.2012 Statement of formulas for calculating Student Financial Supplement Scheme (SFSS) component
Including coefficients for calculating weekly withholding amounts incorporating SFSS component17 3306-05.2012 Student Financial Supplement Scheme weekly tax table
Including formulas for calculating monthly withholding
18 3307-05.2012 Student Financial Supplement Scheme fortnightly tax table
Including statement of formulas21 3539-05.2012 Calculating Higher Education Loan Program in conjunction with Student Financial Supplement Scheme
The coefficients in this table should be used together with the Statement of formulas for calculating amounts to be withheld (NAT1004)
22 4466-05.2012 Tax table for seniors and pensioners
Use for payments to low income aged persons and pensioners
23 7288-05.2012 Tax table for Joint Petroleum Development Area
Use for payments to workers and service providers in the Joint Petroleum Development Area (JPDA). The JPDA is defined in the Timor Sea Treaty
24 1013-05.2012 Tax table for individuals employed in the horticultural or shearing industry
Including statement of formulas
28 3351-05.2012 Tax table for unused leave payments on termination of employment 31 3350-05.2012 Tax table for annuities 33 70981-05.2012 Tax table for superannuation lump sums 34 70982-05.2012 Tax table for superannuation income streams
Revocation of current withholding schedules
The following withholding schedules are to be withdrawn:
Schedule number NAT number Title 1 1004-05.2011 Statement of formulas for calculating amounts to be withheld
Incorporating the temporary flood and cyclone reconstruction levy
1E 1004E-05.2011 Statement of formulas for calculating amounts to be withheld – flood levy exemption 2 1005-05.2011 Weekly tax table
Incorporating Medicare levy and temporary flood and cyclone reconstruction levy2E 1005E-05.2011 Weekly tax table – flood levy exemption
Incorporating Medicare levy3 1006-05.2011 Fortnightly tax table
Incorporating Medicare levy and temporary flood and cyclone reconstruction levy3E 1006E-05.2011 Fortnightly tax table – flood levy exemption
Incorporating Medicare levy4 1007-05.2011 Monthly tax table
Incorporating Medicare levy and temporary flood and cyclone reconstruction levy4E 1007E-05.2011 Monthly tax table – flood levy exemption
Incorporating Medicare levy5 1008-05.2011 Weekly tax table with no and half Medicare levy
Incorporating temporary flood and cyclone reconstruction levy5E 1008E-05.2011 Weekly tax table with no and half Medicare levy – flood levy exemption 6 1010-05.2011 Medicare levy adjustment weekly tax table 7 1011-05.2011 Medicare levy adjustment fortnightly tax table 8 1012-05.2011 Medicare levy adjustment monthly tax table 9 1023-05.2011 Tax table for actors, variety artists and other entertainers 10 1024-05.2011 Tax table for daily and casual workers
Incorporating Medicare levy and temporary flood and cyclone reconstruction levy, including statement of formulas10E 1024E-05.2011 Tax table for daily and casual workers - flood levy exemption 11 2173-05.2011 Higher Education Loan Program (HELP) weekly tax table
Including statement of formulas12 2185-05.2011 Higher Education Loan Program (HELP) fortnightly tax table
Including statement of formulas13 2186-05.2011 Higher Education Loan Program (HELP) monthly tax table
Including statement of formulas14 2335-05.2011 Statement of formulas for calculating Higher Education Loan Program (HELP) component
Incorporating the temporary flood and cyclone reconstruction levyIncluding coefficients for calculating weekly withholding amounts incorporating HELP component
14E 2335E-05.2011 Statement of formulas for calculating Higher Education Loan Program (HELP) component – flood levy exemption
Including coefficients for calculating weekly withholding amounts incorporating HELP component15 2446-05.2011 Statement of formulas for calculating withholding amounts for members of the defence force 16 3305-05.2011 Statement of formulas for calculating Student Financial Supplement Scheme (SFSS) component
Incorporating the temporary flood and cyclone reconstruction levyIncluding coefficients for calculating weekly withholding amounts incorporating SFSS component
16E 3305E-05.2011 Statement of formulas for calculating Student Financial Supplement Scheme (SFSS) component – flood levy exemption
Including coefficients for calculating weekly withholding amounts incorporating SFSS component17 3306-05.2011 Student Financial Supplement Scheme (SFSS) weekly tax table
Including statement of formulas18 3307-05.2011 Student Financial Supplement Scheme (SFSS) fortnightly tax table
Including statement of formulas19 3308-05.2011 Student Financial Supplement Scheme (SFSS) monthly tax table
Including statement of formulas20 3479-05.2011 Quarterly tax table
Incorporating Medicare levy and temporary flood and cyclone reconstruction levy20E 3479E-05.2011 Quarterly tax table – flood levy exemption
Incorporating Medicare levy21 3539-05.2011 Calculating Higher Education Loan Program in conjunction with Student Financial Supplement Scheme
Incorporating the temporary flood and cyclone reconstruction levy
The coefficients in this table should be used in conjunction with the Statement of formulas of calculating amounts to be withheld
21E 3539E-05.2011 Calculating Higher Education Loan Program in conjunction with Student Financial Supplement Scheme – flood levy exemption
The coefficients in this table should be used in conjunction with the Statement of formulas of calculating amounts to be withheld
22 4466-05.2011 Tax table for senior Australians
Incorporating the temporary flood and cyclone reconstruction levy
22E 4466E-05.2011 Tax table for senior Australians – flood levy exemption 23 7288-05.2010 Special tax table – Joint Petroleum Development Area 23 7288-05.2011 Special tax table – Joint Petroleum Development Area 24 1013-05.2006 Special tax table for payments to individuals employed in the horticultural industry – including statement of formulas 25 1014-05.2006 Special tax table for payments to individuals employed in the shearing industry – including statement of formulas 28 3351-05.2011 Tax table for unused leave payments on termination of employment 31 3350-05.2011 Tax table for annuities 33 70981-05.2011 Tax table for superannuation lump sums 34 70982-05.2011 Tax table for superannuation income streams 39 73834-05.2011 Statement of formulas for calculating flood levy component
0
0
0