Definitions for division
43M Definitions for division
In this division—
additional final levy amount, for the employer for the final period, means the greater of the amount worked out using the following formula and zero—where—
A means the additional final levy amount for the employer for the final period.
C means $100m.
D means—
if the employer is not a member of a group—the total taxable wages and interstate wages paid or payable by the employer during the final period; or
if the employer is the DGE for a group—the total taxable wages and interstate wages paid or payable by all relevant group employers during the final period.
E means—
if the employer is not a member of a group—the number of days in the part of the final period starting on 1 July and ending on 31 December for which the employer paid, or was liable to pay, wages; or
if the employer is the DGE for a group—the number of days in the part of the final period starting on 1 July and ending on 31 December for which 1 or more relevant group employers paid, or were liable to pay, as members of the group taxable wages or interstate wages or taxable wages and interstate wages during the final period.
F means—
if the employer is not a member of a group—the number of days in the part of the final period starting on 1 January and ending on 30 June for which the employer paid, or was liable to pay, wages; or
if the employer is the DGE for a group—the number of days in the part of the final period starting on 1 January and ending on 30 June for which 1 or more relevant group employers paid, or were liable to pay, as members of the group taxable wages or interstate wages or taxable wages and interstate wages during the period.
FW means the employer’s final wages for the final period.
G means—
if the final period is within a financial year that includes 29 February—366; or
otherwise—365.
R means 0.5%.
final levy adjustment amount, for the employer for the final period, means the difference between—
the employer’s final levy amount for the final period; and
the employer’s periodic levy liability amount for the final period.
final levy amount, for the employer for the final period, means the total of—
the primary final levy amount; and
the additional final levy amount.
final wages, for the employer for the final period, means—
if the employer is not a member of a group—the total taxable wages paid or payable by the employer during the final period; or
if the employer is the DGE for a group—the total taxable wages paid or payable by all members of the group during the final period.
partial levy amount, for a periodic return period, means the amount worked out using the following formula—where—
P means the partial levy amount in dollars.
PL means—
if the employer is not a member of a group—the employer’s periodic levy liability for the period; or
if the employer is a DGE for a group—the total periodic levy liability for the period for all group members.
X means the number of days in the period that are in the final period.
Y means the total number of days in the final period.
periodic levy liability amount, for an employer for the final period, means the sum of—
either—
if the employer is not a member of a group—the employer’s periodic levy liability for a periodic return period wholly within the final period, even if the return date for lodging the periodic return is after the return date for lodging the final return; or
if the employer is the DGE for a group—the total of each group member’s total periodic levy liability for a periodic return period wholly within the final period, even if the return date for lodging the periodic return is after the return date for lodging the final return; and
for a day in the final period not included in a periodic return period mentioned in paragraph (a)—the partial levy amount for the periodic return period that includes the day, even if the return date for lodging the periodic return is after the return date for lodging the final return.
primary final levy amount, for the employer for the final period, means the greater of the amount worked out using the following formula and zero—where—
A means the primary final levy amount for the employer for the final period.
C means $10m.
D means—
if the employer is not a member of a group—the total taxable wages and interstate wages paid or payable by the employer during the final period; or
if the employer is the DGE for a group—the total taxable wages and interstate wages paid or payable by all relevant group employers during the final period.
E means—
if the employer is not a member of a group—the number of days in the part of the final period starting on 1 July and ending on 31 December for which the employer paid, or was liable to pay, wages; or
if the employer is the DGE for a group—the number of days in the part of the final period starting on 1 July and ending on 31 December for which 1 or more relevant group employers paid, or were liable to pay, as members of the group taxable wages or interstate wages or taxable wages and interstate wages.
F means—
if the employer is not a member of a group—the number of days in the part of the final period starting on 1 January and ending on 30 June for which the employer paid, or was liable to pay, wages; or
if the employer is the DGE for a group—the number of days in the part of the final period starting on 1 January and ending on 30 June for which 1 or more relevant group employers paid, or were liable to pay, as members of the group taxable wages or interstate wages or taxable wages and interstate wages.
FW means the employer’s final wages for the final period.
G means—
if the final period is within a financial year that includes 29 February—366; or
otherwise—365.
R means 0.25%.
relevant group employer, for the final period in relation to the DGE for a group, means an employer who was a member of the group for all or part of the period.
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