Calculation of payroll tax
12 Calculation of payroll tax
Each member of the group is liable to pay as payroll tax for the financial year the amount of dollars calculated in accordance with the following formula—
where S is—
if the total taxable wages and interstate wages paid or payable by the group during the relevant financial year is not more than the first surcharge threshold amount—zero; or
if the total taxable wages and interstate wages paid or payable by the group during the relevant financial year is more than the first surcharge threshold amount but not more than the second surcharge threshold amount, the amount calculated in accordance with the following formula—
; or
if the total taxable wages and interstate wages paid or payable by the group during the relevant financial year is more than the second surcharge threshold amount, the amount calculated in accordance with the following formula—
This Act’s bill:Explanatory memorandumSecond reading speech
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