Monthly payroll tax payable where no section 87(2) approval in force
8B Monthly payroll tax payable where no section 87(2) approval in force
This clause applies if an approval under section 87(2) is not in force for a designated group employer.
Sch. 2 cl. 8B(2) substituted by No. 22/2021 s. 67(1), amended by No. 18/2023 s. 71(1).
The designated group employer must pay an amount (in dollars) of payroll tax, calculated in accordance with the following formula, on taxable wages paid or payable in a month—
where S is—
if the total ETW and EIW for the group in the financial year in which D will be applied is not more than $10 million—zero; or
if the total ETW and EIW for the group in the financial year in which D will be applied is more than $10 million but not more than $100 million, the amount calculated in accordance with the following formula—
; or
if the total ETW and EIW for the group in the financial year in which D will be applied is more than $100 million, the amount calculated in accordance with the following formula—
Sch. 2 cl. 8B(3) substituted by No. 22/2021 s. 67(2), amended by No. 18/2023 s. 71(2).
In addition, each employer who is a member of the group must pay an amount (in dollars) of payroll tax, calculated in accordance with the following formula, on taxable wages paid or payable by the employer in a month—
where—
S is—
if the total ETW and EIW for the group in the financial year in which D will be applied is not more than $10 million—zero; or
if the total ETW and EIW for the group in the financial year in which D will be applied is more than $10 million but not more than $100 million, the amount calculated in accordance with the following formula—
; or
if the total ETW and EIW for the group in the financial year in which D will be applied is more than $100 million, the amount calculated in accordance with the following formula—
TW represents the total taxable wages paid or payable by the employer concerned (as a member of the group) during the relevant month.
For the purposes of subclause (2), if D is equal to or more than TW in respect of a month, the designated group employer is not required to pay payroll tax in respect of that month.
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