made for the purposes of collecting income tax and Medicare levy. (3) The withholding schedule in this instrument has been made in accordance with Tax Laws Amendment (2012 Measures No. 3) Act 2012 
Reference: OPS 2012/3
Document type: Legislative Instrument
Enabling act: Taxation Administration Act 1953 Section 15-25 of Schedule 1
Date of issue: 28 June 2012
Signatory: Erin Holland Deputy Commissioner of Taxation
Registration number: F2012L01427
Registration date: 29 June 2012


Commencement | This instrument commences on 1 July 2012. | Purpose | (1) The withholding schedule in this instrument specifies 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 paragraph 12-85(b) of Schedule 1 to the Taxation Administration Act 1953 . (2) The withholding schedule in this instrument is made for the purposes of collecting income tax and Medicare levy. (3) The withholding schedule in this instrument has been made in accordance with Tax Laws Amendment (2012 Measures No. 3) Act 2012 . | (1) The withholding schedule in this instrument specifies 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 paragraph 12-85(b) of Schedule 1 to the Taxation Administration Act 1953 . (2) The withholding schedule in this instrument is made for the purposes of collecting income tax and Medicare levy. (3) The withholding schedule in this instrument has been made in accordance with Tax Laws Amendment (2012 Measures No. 3) Act 2012 . | Withholding Schedule | Schedule: 32 NAT Number: 70980-06.2012 Title: Tax table for employment termination payments has effect from 1 July 2012. | has effect from 1 July 2012. | Revocation of current withholding schedule | The current Tax table for employment termination payments (NAT 70980-05.2011) is withdrawn.