Amount of periodic levy liability
43F Amount of periodic levy liability
An employer’s liability (periodic levy liability) for the mental health levy for a periodic return period is the total of—
the primary periodic liability under subsection (2); and
the additional periodic liability under subsection (3).
For subsection (1)(a), the primary periodic liability for a periodic return period is the greater of the amount worked out using the following formula and zero—where—
A means the number of days the employer paid, or was liable to pay, wages in the period.
B means the number of days in the period.
L means the primary periodic liability for the period.
PPT means the primary periodic threshold for the employer for the period.
R means 0.25%.
TW means the amount of the employer’s taxable wages for the period.
For subsection (1)(b), the additional periodic liability for a periodic return period is the greater of the amount worked out using the following formula and zero—where—
A means the number of days the employer paid, or was liable to pay, wages in the period.
APT means the additional periodic threshold for the employer for the period.
B means the number of days in the period.
L means the additional periodic liability for the period.
R means 0.5%.
TW means the amount of the employer’s taxable wages for the period.
There is no periodic levy liability for the last periodic return period of a financial year.
Notes—
1 Under section 30(1)(a) of the Administration Act, an employer’s periodic levy liability for a periodic return period must be paid on the date the employer is required to lodge a periodic return for the period.
2 An employer may be required, under the Administration Act, to include assessed interest or penalty tax in an assessment of periodic levy liability.
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