effective for payments made on or after the date on which a copy of this notice is published in the Gazette
Reference: Variation 16
Document type: Variation of amount required to be withheld
Enabling act: Pay As You Go (PAYG) Withholding
Date of issue: 23 October 2001
Signatory: Stuart Forsyth Assistant Commissioner of Taxation


I, Stuart Frederick Forsyth, Assistant Commissioner of Taxation, vary to nil the amount required to be withheld from withholding payments that are: • covered by section 12-190 of Schedule 1 to the Taxation Administration Act 1953; and • within the class of cases described below. | • covered by section 12-190 of Schedule 1 to the Taxation Administration Act 1953; and • within the class of cases described below. | I make this variation of the amount required to be withheld under the power contained in section 15-15 of Schedule 1 to the Taxation Administration Act 1953 to meet the special circumstances of that class of cases. | This variation is effective for payments made on or after the date on which a copy of this notice is published in the Gazette. | Class of cases | Any payment where the supplier has not quoted an ABN and the payment is wholly for a: • financial supply as defined in Part 3-1, Division 40 of A New Tax System (Goods and Services Tax) Regulations 1999 ("GST Regulations"). However, the requirements in subregulation 40-50.9 (1)(a) and (b) Part 3-1, Division 40 of the GST Regulations need not be satisfied. | • financial supply as defined in Part 3-1, Division 40 of A New Tax System (Goods and Services Tax) Regulations 1999 ("GST Regulations"). However, the requirements in subregulation 40-50.9 (1)(a) and (b) Part 3-1, Division 40 of the GST Regulations need not be satisfied.