Taxation Administration - Single Touch Payroll - 2019-20 and 2020-21 Income Years Closely Held Payees Exemption 2021 instrument
Reference: STP 2021/2
Document type: Legislative Instrument
Enabling act: Taxation Administration Act 1953
Date of issue: 7 July 2021
Signatory: Louise Clarke Deputy Commissioner of Taxation Policy, Analysis and Legislation Law Design and Practice
Registration number: F2021L01037
Registration date: 28 July 2021


1. Name of instrument: This determination is the Taxation Administration - Single Touch Payroll - 2019-20 and 2020-21 Income Years Closely Held Payees Exemption 2021 instrument. | 2. Commencement: This instrument is taken to have commenced on 1 July 2019. | 3. Application: This instrument applies for the 2019-20 and 2020-21 income years to an entity which: (a) was not at any time before 1 April 2019 a substantial employer within the meaning of former subsection 389-5(6) of Schedule 1 to the Taxation Administration Act 1953 (TAA 1953); (b) pays an amount described in the table in subsection 389-5(1) of Schedule 1 to the TAA 1953 to a closely held payee; (c) is registered for the purposes of Subdivision 16-BA of Schedule 1 to the TAA 1953; and (d) is not a large withholder as defined in section 16-95 of Schedule 1 to the TAA 1953. (a) was not at any time before 1 April 2019 a substantial employer within the meaning of former subsection 389-5(6) of Schedule 1 to the Taxation Administration Act 1953 (TAA 1953); (b) pays an amount described in the table in subsection 389-5(1) of Schedule 1 to the TAA 1953 to a closely held payee; (c) is registered for the purposes of Subdivision 16-BA of Schedule 1 to the TAA 1953; and (d) is not a large withholder as defined in section 16-95 of Schedule 1 to the TAA 1953. | 4. Determination: An entity to which this instrument applies is not required to report information to the Commissioner of Taxation under Division 389 of Schedule 1 to the TAA 1953 in respect of an amount paid to a closely held payee. | 5. Definition: For the purposes of this instrument, a closely held payee is an employee of the entity who is also an associate of the entity under section 318 of the Income Tax Assessment Act 1936.