made for the purposes of collecting income tax, Medicare levy and amounts of liabilities to the Commonwealth under the Higher Education Funding Act 1988 , the Higher Education Support Act 2003 , the Social Security Act 1991 and the Student Assistance Act 1973 . (3) The withholding schedule in this instrument combines three current withholding schedules into one
Reference: OPS 2012/1
Document type: Legislative Instrument
Enabling act: Taxation Administration Act 1953 Section 15-25 of Schedule 1
Date of issue: 21 May 2012
Signatory: Erin Holland Deputy Commissioner of Taxation
Registration number: F2012L01068
Registration date: 24 May 2012


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 2012. | 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 schedule in this instrument is made for the purposes of collecting income tax, Medicare levy and amounts of liabilities to the Commonwealth under the Higher Education Funding Act 1988 , the Higher Education Support Act 2003 , the Social Security Act 1991 and the Student Assistance Act 1973 . (3) The withholding schedule in this instrument combines three current withholding schedules into one. | (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 schedule in this instrument is made for the purposes of collecting income tax, Medicare levy and amounts of liabilities to the Commonwealth under the Higher Education Funding Act 1988 , the Higher Education Support Act 2003 , the Social Security Act 1991 and the Student Assistance Act 1973 . (3) The withholding schedule in this instrument combines three current withholding schedules into one. | Withholding Schedule | Schedule: 30 NAT Number: 3348-02.2012. Title: Tax table for back payments, commissions, bonuses and similar payments has effect from 1 July 2012. | has effect from 1 July 2012. | Revocation of current withholding schedules | The current tax tables:- • Tax table for back payments (NAT 3348-05.2010) • Tax table for commission payments (NAT 10146-11.2003) • Tax table for bonuses and similar payments (NAT 7905-09.2004) are withdrawn. | • Tax table for back payments (NAT 3348-05.2010) • Tax table for commission payments (NAT 10146-11.2003) • Tax table for bonuses and similar payments (NAT 7905-09.2004) | are withdrawn.