PAYG Withholding Variation: Company Directors and Office Holders
Reference: Variation 40
Document type: PAYG Withholding Variation
Enabling act: Taxation Administration Act 1953
Date of issue: 24 February 2016
Signatory: Steve Vesperman Deputy Commissioner of Taxation
Registration number: F2016L00222
Registration date: 2 March 2016
This legislative Instrument repeals the following legislative instruments: | This legislative instrument repeals the following legislative instruments: • PAYG Withholding Variation: Office Holders - F2006B00295, registered on 10 February 2006. • PAYG Withholding Variation: Partnerships - F2006B00404, registered on 21 February 2006.

• Legislative Instrument No.F2006B00295 registered on 10 February 2006. • Legislative Instrument No.F2006B00404 registered on 21 February 2006. | • section 15-15 of Schedule 1 to the Taxation Administration Act 1953, and • section 16-180 of Schedule 1 to the Taxation Administration Act 1953.

1. Name of instrument: This determination is the PAYG Withholding Variation: Company Directors and Office Holders. | 2. Commencement: This instrument commences on 1 April 2016. | 3. Repealing of existing instrument: This legislative instrument repeals the following legislative instruments: • PAYG Withholding Variation: Office Holders - F2006B00295, registered on 10 February 2006. • PAYG Withholding Variation: Partnerships - F2006B00404, registered on 21 February 2006. • PAYG Withholding Variation: Office Holders - F2006B00295, registered on 10 February 2006. • PAYG Withholding Variation: Partnerships - F2006B00404, registered on 21 February 2006. | 4. Application: This instrument applies to payments by an entity that are covered by section 12-40 or section 12-45 of Schedule 1 to the Taxation Administration Act 1953 which are made to an individual who is a partner in a partnership, or a director or employee of another entity appointed as: • a director • a member of a committee of management of a company, or • an office holder • a director • a member of a committee of management of a company, or • an office holder who is required to pay those payments to the entity of which they are a partner, director or employee. | 5. Amount to be withheld: The amount to be withheld from payments covered by this instrument has been varied to nil. | 6. Payment summaries: An entity is exempted from the requirement to issue payment summaries under section 16-155 and 16-160 for payments that are covered by this instrument.