s 41
In forceInterest payments
Part 3Income tax (Chapter 2 in Schedule 1 to the Act)
Division 3Pay as you go (PAYG) withholding—Working out the amount to withhold
Subdivision BWithholding amounts for Subdivision 12‑F
41 Interest payments
The amount to be withheld under section 12‑245, 12‑250 or 12‑255 in Schedule 1 to the Act from interest (within the meaning of Division 11A of Part III of the Income Tax Assessment Act 1936) is an amount equal to 10% of the amount of the interest.
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