Taxation Administration Regulations 2017

This section applies to an amount that is required by Subdivision 12‑FB in Schedule 1 to the Act (including regulations made for the purposes of that Subdivision) to be withheld from a payment if any amounts are already withheld under that Subdivision from the payment.

The amount to be withheld is reduced by the amounts already withheld from the payment.

A payer is required to withhold an amount under section 12‑315 in Schedule 1 to the Act from a payment made to a foreign resident. However, if the foreign resident has an agent who is an intermediary, the intermediary is required to withhold an amount under section 12‑317 in that Schedule from that payment. The amount to be withheld under section 12‑317 in that Schedule is reduced by the amount already withheld under section 12‑315 in that Schedule.