Document ID: chunk:federal_register_of_legislation:C2010C00715:clause:1_4:p8
Version: federal_register_of_legislation:C2010C00715
Segment Type: clause
Provision Reference: sch 1 cl 4 (pt 8/21)
Character Range: 78383–81072

covered by a previous payment summary (and a copy of it) given by the payer to the recipient under section 16‑160; and
 (b) if paragraph (1)(c) applies—the *reportable fringe benefits amount, except so much of it as is covered by a previous payment summary (and a copy of it) given by the payer to the recipient under this section.

16‑160  Part‑year payment summary

 (1) An entity (the payer) must give a *payment summary (and a copy of it) to another entity (the recipient) if, not later than 21 days before the end of a *financial year, the recipient asks in writing for a payment summary covering:
 (a) one or more *withholding payments (other than withholding payments covered by section 12‑85, 12‑215, 12‑250 or 12‑285) that the payer made to the recipient during the year; or
 (b) one or more withholding payments covered by section 12‑215, 12‑250 or 12‑285, or a part of each such payment, that the payer received during the year for the recipient, if the recipient is the foreign resident mentioned in the section;
other than a payment covered by a previous payment summary (and a copy of it) given under this section.

 (2) The payer must comply with the request within 14 days after receiving it, unless the recipient is an individual and has a *reportable fringe benefits amount, for the income year ending at the end of that *financial year, in respect of his or her employment (within the meaning of the Fringe Benefits Tax Assessment Act 1986) by the payer.

16‑165  Payment summary for eligible termination payment

  Within 14 days after an entity (the payer) makes a *withholding payment covered by section 12‑85 (about *eligible termination payments) to another entity (the recipient), the payer must give the recipient a *payment summary (and a copy of it) that covers that payment. (The summary must cover only that payment.)

16‑170  Form and content of payment summary

 (1) A payment summary is a written statement that:
 (a) names the payer and the recipient; and
 (b) if the recipient has given the recipient's *tax file number or *ABN to the payer—states the tax file number or ABN; and
 (c) states the total of the *withholding payments (if any) that it covers, and the total of the *amounts withheld by the payer from those withholding payments; and
 (d) specifies the *financial year in which the withholding payments were made; and
 (e) specifies the *reportable fringe benefits amount (if any) that it covers and the income year to which that amount relates; and
 (f) includes other information that the Commissioner requires to be included in the payment summary.

 (2) The Commissioner may, in writing, require particular information to be included in