Reference: OPS 2013/3
Document type: Legislative Instrument
Enabling act: Taxation Administration Act 1953 Section 15-25 of Schedule 1
Signatory: Signed on the 28th of May 2013 Erin Holland Deputy Commissioner of Taxation
Registration number: F2013L00908
Registration date: 4 June 2013


I, Erin Kathleen Holland, Deputy Commissioner of Taxation, make this instrument under section 15-25 of Schedule 1 to the Taxation Administration Act 1953 . | Commencement | This instrument commences on 1 July 2013. | 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 Support Act 2003 , the Social Security Act 1991 and the Student Assistance Act 1973 . | (3) This legislative instrument also revokes Taxation Administration Act 1953 - tax table for employment termination payments (FRLI number: F2012L01427 registered on 29 June 2012). | Withholding Schedules | Each of the withholding schedules listed in the following table, has effect: Schedule number NAT number Title 11 2173-05.2013 Higher Education Loan Program weekly tax table Including statement of formulas for calculating weekly and monthly withholding 12 2185-05.2013 Higher Education Loan Program fortnightly tax table Including statement of formulas 14 2335-05.2013 Statement of formulas for calculating Higher Education Loan Program (HELP) component Including coefficients for calculating weekly withholding amounts incorporating HELP component 16 3305-05.2013 Statement of formulas for calculating Student Financial Supplement Scheme (SFSS) component Including coefficients for calculating weekly withholding amounts incorporating SFSS component 17 3306-05.2013 Student Financial Supplement Scheme weekly tax table Including formulas for calculating monthly withholding 18 3307-05.2013 Student Financial Supplement Scheme fortnightly tax table Including statement of formulas 21 3539-05.2013 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 4466-05.2013 Tax table for seniors and pensioners Use for payments to low income aged persons and pensioners 26 3347-05.2013 Tax table for return to work payments 29 3352-05.2013 Tax table for payments made under a voluntary agreement 32 70980-05.2013 Tax table for employment termination payments 40 5441-05.2013 Tax table for additional amounts to withhold as a result of an upwards variation | Revocation of current withholding schedules | The following withholding schedules are to be withdrawn: Schedule number NAT number Title 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 14 2335-05.2012 Statement of formulas for calculating Higher Education Loan Program (HELP) component 16 3305-05.2012 Statement of formulas for calculating Student Financial Supplement Scheme (SFSS) component 17 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 formulas 21 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 26 3347-05.2006 Tax table for return to work payments 29 3352-11.2005 Tax table for payments made under a voluntary agreement 32 70980-05.2012 Tax table for employment termination payments