Definitions for sdiv 2
41 Definitions for sdiv 2
In this subdivision—
final adjustment amount, for the DGE for a final period, means the difference between—
the DGE’s final payroll tax amount for the period; and
the DGE’s periodic liability amount for the final period.
final deduction, for the DGE for a final period, means the greater of zero and the amount worked out using the following formula—
where—
A means the number of days—
that are in the part of the final period starting on 1 July and ending on 31 December; and
for which 1 or more relevant group employers pay, or are liable to pay, as members of the group taxable wages or interstate wages or taxable wages and interstate wages.
B means the number of days—
that are in the part of the final period starting on 1 January and ending on 30 June; and
for which 1 or more relevant group employers pay, or are liable to pay, as members of the group taxable wages or interstate wages or taxable wages and interstate wages.
C means—
if the final period is within a financial year that includes 29 February—366; or
otherwise—365.
FD means the final deduction in dollars.
IW means the amount of interstate wages paid or payable for the final period by each relevant group employer as a member of the group.
K means 1,300,000.
TW means the amount of taxable wages paid or payable for the final period by each relevant group employer as a member of the group.
final payroll tax amount, for the DGE for a final period, means—
if the DGE’s final deduction for the period is greater than the DGE’s final wages for the period—zero; or
if paragraph (a) does not apply—the amount worked out by applying the appropriate rate of payroll tax to the DGE’s final wages for the period less the DGE’s final deduction for the period.
final wages, for the DGE for a final period, means the total taxable wages paid or payable by the DGE during the period.
relevant group employer, for a final period for the DGE, means an employer who was a member of the group for all or part of the period.
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