12-115
CurrentCommonwealth education or training payment
Volume 1Parts I to V (sections 1 to 18), Schedule 1, Chapter 2, Part 2-1 to Part 2-5 (sections 6-1 to 21-5)
Schedule 1Collection and recovery of income tax and other liabilities
Chapter 2Collection, recovery and administration of income tax
Part 2-5Pay as you go (PAYG) withholding
Division 12Payments from which amounts must be withheld
Subdivision 12-DBenefit and compensation payments
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.
This Act’s bill:Second reading speech
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