Reference: Notice 27
Document type: Legislative Instrument
Enabling act: Pay As You Go (PAYG) Withholding
Date of issue: 30 November 2012
Signatory: Erin Holland Deputy Commissioner of Taxation
Registration number: F2012L02333
Registration date: 16 December 2012


I, Erin Kathleen Holland, Deputy Commissioner of Taxation, pursuant to section 16-180 of Schedule 1 to the Taxation Administration Act 1953 do hereby exempt entities from the requirement to issue a payment summary under section 16-155 of Schedule 1 to the Taxation Administration Act 1953, in respect of Subdivision 12-E (Payments where TFN or ABN not quoted) or 12-F (Dividend, interest and royalty payments) withholding amount made on a passbook savings account, unless specifically requested by the recipient/payee. | Payers are therefore not required to provide passbook savings account holders with a payment summary where they have withheld amounts from payments in accordance with Subdivision 12-E or 12-F, unless specifically requested to do so. | Commencement | This instrument commences on the day after registration on the Federal Register of Legislative Instruments.