Document ID: chunk:federal_register_of_legislation:C2010C00715:clause:1_1:p9
Version: federal_register_of_legislation:C2010C00715
Segment Type: clause
Provision Reference: sch 1 cl 1 (pt 9/21)
Character Range: 30263–32773

1936); and
 (b) the payment is a *dividend that has been franked in accordance with section 160AQF of the Income Tax Assessment Act 1936; and
 (c) the franking percentage (within the meaning of section 160APA of that Act) for the dividend is 100%.

12‑170  Exception for payments below thresholds set by regulations

 (1) Section 12‑140 or 12‑145 does not require an amount to be withheld if the payment is less than the amount worked out under the regulations.

 (2) Regulations made for the purposes of this section may deal differently with different payments.

Payment for a supply

12‑190  Recipient does not quote ABN

 (1) An entity (the payer) must withhold an amount from a payment it makes to another entity if:
 (a) the payment is for a *supply that the other entity has made, or proposes to make, to the payer in the course or furtherance of an *enterprise *carried on in Australia by the other entity; and
 (b) none of the exceptions in this section applies.

ABN correctly quoted

 (2) The payer need not withhold an amount under this section if, when the payment is made:
 (a) the other entity has given the payer an *invoice that relates to the supply and *quotes the other entity's *ABN; or
 (b) the payer has some other document relating to the supply on which the other entity's ABN is *quoted.

Payer has no reason to believe that ABN has been incorrectly quoted

 (3) The payer also need not withhold an amount under this section if, when the payment is made:
 (a) the other entity has given the payer an *invoice that relates to the supply and purports to *quote the other entity's *ABN, or the payer has some other document that relates to the supply and purports to *quote the other entity's ABN; and
 (b) the other entity does not have an ABN, or the invoice or other document does not in fact quote the other entity's ABN; and
 (c) the payer has no reasonable grounds to believe that the other entity does not have an ABN, or that the invoice or other document does not quote the other entity's ABN.

No need to quote ABN

 (4) The payer need not withhold an amount under this section if:
 (a) the payer is an individual and the payment is, for the payer, wholly of a private or domestic nature; or
 (b) the payment does not exceed $50 or such higher amount as is specified in regulations in force for the purposes of subsection 29‑80(1) of the *GST Act; or
 (c) the supply is made in the course or furtherance of an activity, or series of activities, done as a member of a local