12-120
CurrentCompensation, sickness or accident 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
12-120 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.
This Act’s bill:Second reading speech
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