Normally large withholders will satisfy their notification obligations by making payment in full by the due date. If full payment is not made by the due date they must notify the Commissioner of the correct amount. The gross amount of the payments, which were subject to withholding, must be shown on the monthly activity statement. The ATO will issue specific instructions to known large remitters shortly. The course materials produced by this work comprise the products sold by professional associations.
Most associations operate on a voluntary basis.
If the teachers become employees of the professional association this would create administrative and compliance burdens on the professional association. . While the example given would represent assessable income to the payee, circumstances may arise when a payer receives a supply which is in relation to either a hobby or a private or domestic transaction for the payee. If this is the case a declaration to that effect by the payee must be given to the payer. The payee is not required to quote an ABN and the payer is not required to withhold if such a declaration has been made. A declaration form will be available on the web site shortly.