Payroll Tax Deferral (BlueScope Steel) Act 2015 (NSW)

Payroll Tax Deferral (BlueScope Steel) Act 2015 No 68

An Act with respect to arrangements for the temporary deferral of payroll tax payments by BlueScope Steel Limited and certain other entities.

1 Name of Act This Act is the Payroll Tax Deferral (BlueScope Steel) Act 2015.

2 Commencement This Act commences on the date of assent to this Act.

3 Interpretation (1) In this Act: BlueScope means BlueScope Steel Limited (ABN 16 000 011 058). BlueScope Taxpayer Entity has the meaning it has in the deed. deed means the deed entitled "Payroll Tax Structured Payment Plan Deed" set out in the tabled text. function includes a power, authority or duty, and exercise a function includes perform a duty. tabled text means the text of the proposed deed entitled "Payroll Tax Structured Payment Plan Deed", a copy of which was tabled in Parliament on the date of introduction of the Bill for the Payroll Tax Deferral (BlueScope Steel) Act 2015. (2) Other expressions used in this Act have the same meaning as they have in the Payroll Tax Act 2007. (3) Notes included in this Act do not form part of this Act.

4 Relationship to Payroll Tax Act 2007 and Taxation Administration Act 1996 (1) This Act is to be read together with the Payroll Tax Act 2007 and the Taxation Administration Act 1996.

Note— The Taxation Administration Act 1996 makes provision for the administration and enforcement of taxation laws. This Act is a taxation law for the purposes of that Act. (2) This Act sets out provisions that, for the purposes of the Payroll Tax Act 2007, apply only in this jurisdiction.

5 Authorisation of payroll tax deferral arrangements (1) The Treasurer is authorised, on behalf of the State, to enter into and give effect to the deed. (2) The deed may be given effect despite sections 7, 8 and 9 of the Payroll Tax Act 2007. (3) In this section: giving effect to the deed includes: (a) complying with any obligation of the State under the deed, and (b) exercising or enforcing any right or power under the deed. (4) For the purpose of giving effect to the deed, section 81 (1) of the Payroll Tax Act 2007 is to be read as if the reference to an amount that a member of a group is required to pay under that Act in respect of a period were a reference to an amount that a BlueScope Taxpayer Entity is required to pay under the deed.