12-170
CurrentException for payments below thresholds set by regulations
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-EPayments where TFN or ABN not quoted
12-170 Exception for payments below thresholds set by regulations
(1)
Section 12‑140 or 12‑145 does not require an amount to be withheld if the payment is less than the amount worked out under the regulations.
(2)
Regulations made for the purposes of this section may deal differently with different payments.
Payment of income of closely held trust where TFN not quoted
Regulations
This provision refers to the regulations (the regulations
). Made under this Act:
- Taxation Administration Regulations 2017 · under s 18
11 more instruments made under this Act are listed on the Act’s overview.
This Act’s bill:Second reading speech
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