Document ID: chunk:federal_register_of_legislation:C2025C00180:clause:1_4:p15
Version: federal_register_of_legislation:C2025C00180
Segment Type: clause
Provision Reference: sch 1 cl 4 (pt 15/43)
Character Range: 594559–597305

(the recipient), the entity must:
 (a) give a *payment summary to the recipient that covers the payment (and no other payments); and
 (b) give a copy of the summary to the Commissioner.
 (2) The following payments are covered under this subsection if they are *withholding payments:
 (a) a *superannuation lump sum;
 (b) a payment that is an *employment termination payment or would be one except that it is received more than 12 months after termination of employment, other than a directed termination payment within the meaning of section 82‑10F of the Income Tax (Transitional Provisions) Act 1997.
Note: A payment summary under this section will not cover amounts that an employer notifies to the Commissioner under Division 389: see section 389‑20.

16‑166  Payment summary for a departing Australia superannuation payment
  Within 14 days after an entity (the payer) makes a *departing Australia superannuation payment, the payer must:
 (a) give a *payment summary that covers the payment to the recipient of the payment; and
 (b) give a copy of the summary to the Commissioner.

16‑167  Payment summary for payment to recipient who does not quote ABN
 (1) An entity (the payer) that makes a *withholding payment covered by section 12‑190 (about payments to recipients who do not quote their ABN) to another entity (the recipient) must give the recipient a *payment summary (and a copy of it) that covers that payment, unless the *amount required to be withheld from the payment is nil.
 (2) The summary must cover only that payment.
 (3) The payer must give the summary to the recipient when making the payment, or as soon as practicable afterwards.

16‑170  Form and content of payment summary
 (1) A payment summary (except one relating to section 12‑175 or 12‑180 or Subdivision 12‑H) 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) specifies the *reportable employer superannuation contributions (if any) that it covers and the income year to which those contributions relate; and
 (g) is in the *approved form.
 (1AAA) A payment summary relating to section 12‑175 or 12‑180 is a statement that:
 (a) names the trustee and the beneficiary; and
 (b) states the total of the *withholding payments (if