Taxation Administration Act - Variation to the rate of withholding for certain superannuation beneficiaries who have not quoted a tax file number 
Reference: OPS 2007/5
Document type: Legislative Instrument
Enabling act: Taxation Administration Act 1953
Date of issue: 28 June 2007
Signatory: Erin Holland Deputy Commissioner of Taxation
Registration number: F2007L02031
Registration date: 28 June 2007


1. Name of Instrument: This instrument is the Taxation Administration Act - Variation to the rate of withholding for certain superannuation beneficiaries who have not quoted a tax file number . | 2 Commencement: This instrument commences on 1 July 2007. | 3 Purpose: This instrument ensures that amounts of non assessable non exempt income paid to a superannuation beneficiary are not subject to withholding when the payee has not quoted their tax file number (TFN). Without this variation, withholding would be required from these amounts when paid in conjunction with assessable amounts. | 4 Variation to the rate of withholding: This instrument applies to payments that include amounts covered by section 12-80 or subsection 12-85(a) of Schedule 1 to the Taxation Administration Act 1953, where the payee has not provided the payer with a TFN declaration that has effect under Division 3 of Part VA of the Income Tax Assessment Act 1936 . The amount to withhold is varied to nil for that portion of the payment which is non assessable non exempt income of the payee.