Taxation Administration (Additional Method for Working Out the Amount of Monthly Instalment Liabilities) Determination 2024 (Cth)

Taxation Administration (Additional Method for Working Out the Amount of Monthly Instalment Liabilities) Determination 2024

I, Ben Kelly, Deputy Commissioner of Taxation, make the following determination.

Dated 24 January 2024

Ben Kelly Deputy Commissioner of Taxation

Contents 1 Name 2 Commencement 3 Authority 4 Definitions 5 Schedules 6 Circumstances where you may use the additional method 7 Additional method 8 Circumstances where you must not use the additional method Schedule 1—Repeals Additional method of working out the amount of monthly instalment liabilities in accordance with the Taxation Administration Act 1953

1 Name This instrument is the Taxation Administration (Additional Method for Working Out the Amount of Monthly Instalment Liabilities) Determination 2024.

2 Commencement (1) Each provision of this instrument specified in column 1 of the table commences, or is taken to have commenced, in accordance with column 2 of the table. Any other statement in column 2 has effect according to its terms.

Commencement information Column 1 Column 2 Column 3 Provisions Commencement Date/Details 1. The whole of this instrument The day after this instrument is registered.

Note: This table relates only to the provisions of this determination as originally made. It will not be amended to deal with any later amendments of this determination. (2) Any information in column 3 of the table is not part of this determination. Information may be inserted in this column, or information in it may be edited, in any published version of this determination.

3 Authority This instrument is made under section 45-114 in Schedule 1 to the Act.

4 Definitions Note: A number of expressions used in this instrument have the same meaning as in Schedule 1 to the Act. Expressions in Schedule 1 to the Act have the same meaning as in the Income Tax Assessment Act 1997 (see section 3AA of the Act). The following expressions are relevantly defined in section 995-1 of the Income Tax Assessment Act 1997: (a) instalment income; (b) instalment month; (c) instalment quarter; (d) monthly payer; (e) consolidated group. In this instrument: Act means the Taxation Administration Act 1953. monthly instalment means the amount of an instalment you are liable to pay for an instalment month.