12-310
CurrentLimits on amount withheld under this Subdivision
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-FADeparting Australia superannuation payments
12-310 Limits on amount withheld under this Subdivision
This Subdivision does not require an entity:
(a)
to withhold an amount from a *departing Australia superannuation payment if no *withholding tax is payable in respect of the payment; or
(b)
to withhold from a departing Australia superannuation payment more than the withholding tax payable in respect of the payment (reduced by each amount already withheld from it under this Subdivision).
Note:
Section 301‑175 of the Income Tax Assessment Act 1997 deals with the withholding tax liability.
This Act’s bill:Second reading speech
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