Document ID: chunk:federal_register_of_legislation:C2010C00715:clause:1_4:p5
Version: federal_register_of_legislation:C2010C00715
Segment Type: clause
Provision Reference: sch 1 cl 4 (pt 5/21)
Character Range: 70581–73757

entitled to income of a unit trust
    3                                                       Section 12‑210  Dividend payment to overseas person
    4                                                       Section 12‑215  Dividend payment received for a foreign resident
    5                                                       Section 12‑245  Interest payment to overseas person
    6                                                       Section 12‑250  Interest payment received for a foreign resident
    7                                                       Section 12‑255  Interest payment derived by lender in carrying on business through overseas permanent establishment
    8                                                       Section 12‑280  Royalty payment to overseas person
    9                                                       Section 12‑285  Royalty payment received for a foreign resident
    10                                                      Section 12‑320  Mining payment
    11                                                      Section 12‑325  Natural resource payment

16‑125  Meaning of large withholder

 (1) An entity is a large withholder for a particular month (the current month) in the *financial year starting on 1 July 2000 if:
 (a) the entity was a large remitter in relation to June 2000 because of section 220AAB of the Income Tax Assessment Act 1936; or
 (b) the total of the deductions that the entity made under Division 2 of Part VI of that Act for the financial year ending on 30 June 2000 exceeded $1 million; or
 (c) the total of the entity's *labour hire notional withheld amounts (see subsections (2) to (4)) exceed $1 million; or
 (d) at the end of 30 June 2000 the entity was included in a company group as defined in section 220AAI of that Act, and:
 (i) the total of the deductions under Division 2 of Part VI of that Act, for the financial year ending on that day, made by the entities that were included in that company group at the end of that day, exceeded $1 million; or
 (ii) the total of the labour hire notional withheld amounts (see subsections (2) to (4)) of entities that were included in that company group at the end of that day exceed $1 million; or
 (e) the Commissioner determines under section 16‑115 that the entity is a large withholder for the current month.

Meaning of labour hire notional withheld amount

 (2) If during the *financial year ending on 30 June 2000 an entity made a payment from which section 12‑60 (about payments under labour hire arrangements) would have required it to withhold an amount (if that section had applied to payments made during that financial year), that amount is a labour hire notional withheld amount of the entity.

 (3) If:
 (a) during the *financial year ending on 30 June 2000 an entity provided a *non‑cash benefit to an individual; and
 (b) section 12‑60 (about payments under labour hire arrangements) would have required the entity to withhold an amount if:
 (i) instead of providing the benefit, the entity had paid the individual the *market value of the benefit; and
 (ii) that section had applied to payments made during that financial