Document ID: chunk:federal_register_of_legislation:C2010C00715:clause:1_81
Version: federal_register_of_legislation:C2010C00715
Segment Type: clause
Provision Reference: sch 1 cl 81
Character Range: 199626–200527

81  Subsection 136(1) (definition of salary or wages)
Repeal the definition, substitute:

salary or wages means a payment from which an amount must be withheld (even if the amount is not withheld) under a provision in Schedule 1 to the Taxation Administration Act 1953 listed in the table, to the extent that the payment is assessable income.

Withholding payments covered
Item                          Provision       Subject matter
    1                         Section 12‑35   Payment to employee
    2                         Section 12‑40   Payment to company director
    3                         Section 12‑45   Payment to office holder
    4                         Section 12‑115  Commonwealth education or training payment
    5                         Section 12‑120  Compensation, sickness or accident payment

Note: Section 137 extends the meaning of salary or wages for some purposes.