Document ID: chunk:federal_register_of_legislation:C2025C00180:clause:1_6:p5
Version: federal_register_of_legislation:C2025C00180
Segment Type: clause
Provision Reference: sch 1 cl 6 (pt 5/63)
Character Range: 352803–355597

under various Commonwealth laws.
 (ca) *parental leave pay.
 (2) In working out the amount to be withheld, disregard so much of the payment as is *exempt income of the individual.

12‑115  Commonwealth education or training payment
 (1) An entity must withhold an amount from a *Commonwealth education or training payment it makes to an individual.
For exceptions, see subsection (2) and section 12‑1.
 (2) In working out the amount to be withheld, disregard so much of the payment as is *exempt income of the individual.

12‑120  Compensation, sickness or accident payment
  An entity must withhold an amount from a payment of compensation, or of sickness or accident pay, it makes to an individual if the payment:
 (a) is made because of that or another individual's incapacity for work; and
 (b) is calculated at a periodical rate; and
 (c) is not a payment made under an insurance policy to the policy owner.
For exceptions, see section 12‑1.

Subdivision 12‑E—Payments where TFN or ABN not quoted

Table of sections

Payment in respect of investment
12‑140 Recipient does not quote tax file number
12‑145 Investor becoming presently entitled to income of a unit trust
12‑150 Limited application of section 12‑140 to payment under financial arrangement
12‑152 Limited application of section 12‑140 to payment covered by section 12A‑205
12‑155 When investor may quote ABN as alternative
12‑160 Investment body unaware that exemption from quoting TFN has stopped applying
12‑165 Exception for fully franked dividend
12‑170 Exception for payments below thresholds set by regulations

Payment of income of closely held trust where TFN not quoted
12‑175 Trustee distributes income of closely held trust
12‑180 Beneficiary becomes presently entitled to income of closely held trust
12‑185 Exception for payments below thresholds set by regulations

Payment for a supply
12‑190 Recipient does not quote ABN

Payment in respect of investment

12‑140  Recipient does not quote tax file number
 (1) An *investment body must withhold an amount from a payment it makes to another entity in respect of a *Part VA investment if:
 (a) all or some of the payment is *ordinary income or *statutory income of the other entity; and
 (b) if the investment is non‑transferable—the other entity did not *quote its *tax file number in connection with the investment before the time when the payment became payable; and
 (c) if the investment is transferable—the other entity did not quote its tax file number in connection with the investment before the time when the other entity had to be registered with the investment body as the *investor to be entitled to the payment.
Note: If the investment body is an AMIT, under subsection 12A‑205(2) amounts may be treated, for the purposes of this Part, as having been