Social Security or other benefit payment
12-110 Social Security or other benefit payment
An entity must withhold an amount from a payment it makes to an individual if the payment is:
specified in an item of the table in section 52‑10 of the Income Tax Assessment Act 1997 (Social Security payments); or
specified in an item of the table in section 52‑65 of that Act (Veterans’ Affairs payments); or
specified in an item of the table in section 52‑114 of that Act (Military Rehabilitation and Compensation Act payments); or
specified in section 52‑105, 53‑10, 55‑5 or 55‑10 of that Act; or
Payments specified in those provisions of the Income Tax Assessment Act 1997 are made under various Commonwealth laws.
*parental leave pay.
In working out the amount to be withheld, disregard so much of the payment as is *exempt income of the individual.
This Act’s bill:Second reading speech
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