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This is a Bill, not an Act. For current law, see the Acts databases.
Western Australia Taxation Legislation Amendment Bill 2015 Contents Part 1 -- Preliminary 1. Short title 2 2. Commencement 2 Part 2 -- Duties Act 2008 amended 3. Act amended 3 4. Sections 122 and 123 replaced 3 122. Relevant superannuation transactions for consideration 3 123. Subsequent liability in certain circumstances 4 5. Section 126 amended 5 Part 3 -- Land Tax Assessment Act 2002 amended 6. Act amended 6 7. Section 14 amended 6 8. Section 43A amended 6 9. Section 45A amended 6 10. Section 45B replaced 7 45B. Effect of determination under s. 45A 7 11. Glossary amended 8 Part 4 -- Pay-roll Tax Assessment Act 2002 amended 12. Act amended 9 13. Section 8 amended 9 14. Sections 10 to 14 replaced 9 10. Annual tax liability: local non-group employers 9 127--1B page i Taxation Legislation Amendment Bill 2015 Contents 11A. Apportioned threshold amounts for s. 10: local non-group employers 12 11. Tax payable with returns: local non-group employer 13 12. Apportioned threshold amounts for s. 11: local non-group employers 14 13. Annual tax liability: interstate non-group employers 15 14. Apportioned threshold amounts for s. 13: interstate non-group employers 18 15. Section 17 amended 19 16. Section 18 replaced 23 18. Apportioned threshold amounts for s. 17: groups 23 17. Section 22A deleted 24 18. Schedule 1 amended 24 Division 5 -- Provisions for the Taxation Legislation Amendment Act 2015 Part 4 14. Changes relating to tax thresholds do not apply to assessment years commencing before 1 July 2015 24 19. Glossary amended 24 page ii Western Australia LEGISLATIVE ASSEMBLY Taxation Legislation Amendment Bill 2015 A Bill for An Act to amend the following Acts -- • the Duties Act 2008; • the Land Tax Assessment Act 2002; • the Pay-roll Tax Assessment Act 2002. The Parliament of Western Australia enacts as follows: page 1 Taxation Legislation Amendment Bill 2015 Part 1 Preliminary s. 1 1 Part 1 -- Preliminary 2 1. Short title 3 This is the Taxation Legislation Amendment Act 2015. 4 2. Commencement 5 This Act comes into operation as follows -- 6 (a) Part 1 -- on the day on which this Act receives the 7 Royal Assent (assent day); 8 (b) Part 4 -- 9 (i) comes into operation on 1 July 2015 if assent day 10 is not later than that day; or 11 (ii) is deemed to have come into operation on 12 1 July 2015 if assent day is later than that day; 13 (c) the rest of the Act -- on the day after assent day. page 2 Taxation Legislation Amendment Bill 2015 Duties Act 2008 amended Part 2 s. 3 1 Part 2 -- Duties Act 2008 amended 2 3. Act amended 3 This Part amends the Duties Act 2008. 4 4. Sections 122 and 123 replaced 5 Delete sections 122 and 123 and insert: 6 7 122. Relevant superannuation transactions for 8 consideration 9 (1) Nominal duty is chargeable on a relevant 10 superannuation transaction if there is, or will be, 11 consideration for the transaction. 12 (2) A reference in this section to a relevant superannuation 13 transaction is to a transfer of, or an agreement for the 14 transfer of, dutiable property by a person (the 15 transferor) to a trustee, or a custodian of a trustee, of a 16 superannuation fund that meets the following criteria 17 (an approved superannuation fund) -- 18 (a) either of the following apply to the 19 superannuation fund -- 20 (i) only the transferor can be a member of 21 the superannuation fund; 22 (ii) property can only be held in the 23 superannuation fund specifically for the 24 transferor and cannot be pooled with the 25 contributions or other assets of another 26 member and no other member can 27 obtain an interest in the property; 28 (b) property can only be held in the superannuation 29 fund to be provided to the transferor as a 30 retirement benefit. page 3 Taxation Legislation Amendment Bill 2015 Part 2 Duties Act 2008 amended s. 4 1 (3) In subsection (2)(a)(ii) and (b) -- 2 property -- 3 (a) means -- 4 (i) dutiable property the subject of a 5 relevant superannuation transaction; or 6 (ii) if such dutiable property is sold so that 7 the proceeds can be provided to the 8 transferor as a retirement benefit, those 9 proceeds; 10 and 11 (b) includes any net income from property referred 12 to in paragraph (a), including income retained 13 by a trustee of a superannuation fund while 14 legal ownership of the property is held by a 15 custodian of a trustee of the fund. 16 (4) An application for assessment or reassessment under 17 this section must be made in the approved form. 18 123. Subsequent liability in certain circumstances 19 (1) A reference in this section to a subsequent event in 20 relation to a superannuation fund is to an event the 21 effect of which is that the superannuation fund ceases 22 to be an approved superannuation fund, as defined in 23 section 122(2). 24 (2) Subsection (3) applies if, after a transaction is duty 25 endorsed under section 122, a subsequent event takes 26 place in relation to the superannuation fund while the 27 dutiable property the subject of the transaction (the 28 original dutiable property), or part of it, is held -- 29 (a) by a custodian of a trustee of the 30 superannuation fund; or 31 (b) in the superannuation fund. page 4 Taxation Legislation Amendment Bill 2015 Duties Act 2008 amended Part 2 s. 5 1 (3) A subsequent event is taken to be a transfer of the 2 original dutiable property and is liable to duty 3 accordingly. 4 (4) Not later than 2 months after the day on which a 5 subsequent event takes place a trustee, or a custodian 6 of a trustee, of the superannuation fund, as is relevant, 7 is to lodge a transfer duty statement for the event. 8 Penalty: a fine of $20 000. 9 (5) The person liable to pay the duty is a trustee, or a 10 custodian of a trustee, of the superannuation fund, as is 11 relevant. 12 13 5. Section 126 amended 14 In section 126(1) in the definition of relevant entity delete 15 "relation a" and insert: 16 17 relation to a 18 page 5 Taxation Legislation Amendment Bill 2015 Part 3 Land Tax Assessment Act 2002 amended s. 6 1 Part 3 -- Land Tax Assessment Act 2002 amended 2 6. Act amended 3 This Part amends the Land Tax Assessment Act 2002. 4 7. Section 14 amended 5 In section 14(1): 6 (a) in paragraph (b) delete "hectares." and insert: 7 8 hectares; and 9 10 (b) after paragraph (b) insert: 11 12 (c) the subdivision was not carried out only for the 13 purpose of defining an area of land to be taken 14 or resumed under an enactment relating to the 15 compulsory acquisition of land. 16 17 8. Section 43A amended 18 Delete section 43A(4). 19 9. Section 45A amended 20 (1) In section 45A(1) delete "Act." and insert: 21 22 Act on and from the creation of the interest. 23 24 (2) In section 45A(4) delete "determination and the reasons for the 25 determination." and insert: 26 27 determination, the reasons for the determination and the effect 28 of the determination as described in section 45B. 29 page 6 Taxation Legislation Amendment Bill 2015 Land Tax Assessment Act 2002 amended Part 3 s. 10 1 10. Section 45B replaced 2 Delete section 45B and insert: 3 4 45B. Effect of determination under s. 45A 5 (1) If the Commissioner makes a determination under 6 section 45A that an interest in a lot or parcel of land is 7 an interest that is to be disregarded for the purposes of 8 this Act on and from the creation of the interest, then, 9 on and from the creation of the interest -- 10 (a) the owner of the interest is to be taken not to be 11 an owner of the lot or parcel of land for the 12 purposes of this Act; and 13 (b) the land is to be taken to be wholly owned by 14 the owner of the land who does not have an 15 interest the subject of a determination. 16 (2) The Commissioner is to make any assessment, or 17 reassessment, necessary to give effect to a 18 determination. 19 (3) However, a reassessment cannot be made for an 20 assessment year that is 5 or more years before the 21 assessment year during which the determination was 22 made. 23 (4) Subsection (3) -- 24 (a) does not affect the operation of the Taxation 25 Administration Act 2003 section 17(2); and 26 (b) applies despite the Taxation Administration 27 Act 2003 section 17(4). 28 page 7 Taxation Legislation Amendment Bill 2015 Part 3 Land Tax Assessment Act 2002 amended s. 11 1 11. Glossary amended 2 Delete the Glossary clause 3(1)(d)(ii) and insert: 3 4 (ii) if not -- an occupancy permit or a building 5 approval certificate required under the 6 Strata Titles Act 1985 section 5B(2) is 7 granted under an application mentioned in 8 the Building Act 2011 section 50(1)(a) 9 or (b); 10 page 8 Taxation Legislation Amendment Bill 2015 Pay-roll Tax Assessment Act 2002 amended Part 4 s. 12 1 Part 4 -- Pay-roll Tax Assessment Act 2002 amended 2 12. Act amended 3 This Part amends the Pay-roll Tax Assessment Act 2002. 4 13. Section 8 amended 5 After section 8(2) insert: 6 7 (3) The upper threshold amount is $7 500 000. 8 (4) The tapering value for a financial year is to be 9 calculated as follows -- AT 10 UT − AT 11 where -- 12 AT is the annual threshold amount for the year; 13 UT is the upper threshold amount. 14 15 Note: The heading to amended section 8 is to read: 16 Tax thresholds and tapering value 17 14. Sections 10 to 14 replaced 18 Delete sections 10 to 14 and insert: 19 20 10. Annual tax liability: local non-group employers 21 (1) If an employer is a local non-group employer for the 22 whole of an assessment year, the amount of pay-roll 23 tax payable by the employer for the year is -- 24 (a) if the total amount of WA taxable wages paid 25 or payable by the employer during the year is page 9 Taxation Legislation Amendment Bill 2015 Part 4 Pay-roll Tax Assessment Act 2002 amended s. 14 1 less than or equal to the annual threshold 2 amount for the year -- nil; 3 (b) if the total amount of WA taxable wages paid 4 or payable by the employer during the year is 5 equal to or greater than the upper threshold 6 amount -- the amount calculated by applying 7 the pay-roll tax rate to the total amount of WA 8 taxable wages paid or payable by the employer 9 during the year; 10 (c) otherwise -- the amount calculated by applying 11 the pay-roll tax rate to the amount equal to the 12 difference between -- 13 (i) the total amount of WA taxable wages 14 paid or payable by the employer during 15 the year; and 16 (ii) the deductable amount for the employer 17 for the year calculated in accordance 18 with subsection (2). 19 (2) For the purposes of subsection (1)(c)(ii), the deductable 20 amount for the employer for the year is to be calculated 21 as follows -- 22 AT − [(W − AT) × TV] 23 where -- 24 AT is the annual threshold amount for the year; 25 TV is the tapering value for the year; 26 W is the total amount of WA taxable wages paid or 27 payable by the employer during the year. page 10 Taxation Legislation Amendment Bill 2015 Pay-roll Tax Assessment Act 2002 amended Part 4 s. 14 1 (3) If an employer is a local non-group employer for only 2 part of an assessment year (the part-year), the amount 3 of pay-roll tax payable by the employer for the 4 part-year is -- 5 (a) if the total amount of WA taxable wages paid 6 or payable by the employer during the part-year 7 is less than or equal to the apportioned annual 8 threshold amount for the part-year -- nil; 9 (b) if the total amount of WA taxable wages paid 10 or payable by the employer during the part-year 11 is equal to or greater than the apportioned upper 12 threshold amount for the part-year -- the 13 amount calculated by applying the pay-roll tax 14 rate to the total amount of WA taxable wages 15 paid or payable by the employer during the 16 part-year; 17 (c) otherwise -- the amount calculated by applying 18 the pay-roll tax rate to the amount equal to the 19 difference between -- 20 (i) the total amount of WA taxable wages 21 paid or payable by the employer during 22 the part-year; and 23 (ii) the deductable amount for the employer 24 for the part-year calculated in 25 accordance with subsection (4). 26 (4) For the purposes of subsection (3)(c)(ii), the deductable 27 amount for the employer for the part-year is to be 28 calculated as follows -- 29 AAT − [(W − AAT) × TV ] 30 where -- 31 AAT is the apportioned annual threshold amount for 32 the part-year; 33 TV is the tapering value for the year; page 11 Taxation Legislation Amendment Bill 2015 Part 4 Pay-roll Tax Assessment Act 2002 amended s. 14 1 W is the total amount of WA taxable wages paid or 2 payable by the employer during the part-year. 3 (5) The apportioned annual threshold amount for part of an 4 assessment year is calculated in accordance with 5 section 11A(1). 6 (6) The apportioned upper threshold amount for part of an 7 assessment year is calculated in accordance with 8 section 11A(2). 9 11A. Apportioned threshold amounts for s. 10: local 10 non-group employers 11 (1) For the purposes of section 10, the apportioned annual 12 threshold amount for part of an assessment year is to be 13 calculated as follows -- ⎛P⎞ 14 AT × ⎜ ⎟ ⎝Y 15 where -- 16 AT is the annual threshold amount for the year; 17 P is the number of days in that part of the year; 18 Y is the number of days in the year. 19 (2) For the purposes of section 10(3), the apportioned 20 upper threshold amount for part of an assessment year 21 is to be calculated as follows -- ⎛P⎞ 22 UT × ⎜ ⎟ ⎝Y 23 where -- 24 UT is the upper threshold amount; 25 P is the number of days in that part of the year; page 12 Taxation Legislation Amendment Bill 2015 Pay-roll Tax Assessment Act 2002 amended Part 4 s. 14 1 Y is the number of days in the year. 2 11. Tax payable with returns: local non-group 3 employer 4 (1) The amount of pay-roll tax payable by a local 5 non-group employer for a progressive return period or 6 for part of a progressive return period in an assessment 7 year (the period or part-period) is -- 8 (a) if the total amount of WA taxable wages paid 9 or payable by the employer during the period or 10 part-period is less than or equal to the 11 apportioned threshold amount for the period or 12 part-period -- nil; 13 (b) if the total amount of WA taxable wages paid 14 or payable by the employer during the period or 15 part-period is equal to or greater than the 16 apportioned upper threshold amount for the 17 period or part-period -- the amount calculated 18 by applying the pay-roll tax rate to the total 19 amount of WA taxable wages paid or payable 20 by the employer during the period or 21 part-period; 22 (c) otherwise -- the amount calculated by applying 23 the pay-roll tax rate to the amount equal to the 24 difference between -- 25 (i) the total amount of WA taxable wages 26 paid or payable by the employer during 27 the period or part-period; and 28 (ii) the deductable amount for the employer 29 for the period or part-period calculated 30 in accordance with subsection (2). page 13 Taxation Legislation Amendment Bill 2015 Part 4 Pay-roll Tax Assessment Act 2002 amended s. 14 1 (2) For the purposes of subsection (1)(c)(ii), the deductable 2 amount for the employer for the period or part-period is 3 to be calculated as follows -- 4 AT − [(W − AT) × TV] 5 where -- 6 AT is the apportioned threshold amount for the 7 period or part-period; 8 TV is the tapering value for the year; 9 W is the total amount of WA taxable wages paid or 10 payable by the employer during the period or 11 part-period. 12 (3) The apportioned threshold amount for a progressive 13 return period or part of a progressive return period is 14 calculated in accordance with section 12(1). 15 (4) The apportioned upper threshold amount for a 16 progressive return period or part of a progressive return 17 period is calculated in accordance with section 12(2). 18 12. Apportioned threshold amounts for s. 11: local 19 non-group employers 20 (1) For the purposes of section 11, the apportioned 21 threshold amount for a progressive return period or part 22 of a progressive return period is to be calculated as 23 follows -- ⎛D⎞ 24 N × MT × ⎜ ⎟ ⎝P 25 where -- 26 N is the number of months in the progressive 27 return period; 28 MT is the monthly threshold amount for the year; page 14 Taxation Legislation Amendment Bill 2015 Pay-roll Tax Assessment Act 2002 amended Part 4 s. 14 1 D is the number of days in the progressive return 2 period, or part of the progressive return period, 3 during which WA taxable wages were paid or 4 payable by the employer; 5 P is the number of days in the progressive return 6 period. 7 (2) For the purposes of section 11, the apportioned upper 8 threshold amount for a progressive return period or part 9 of a progressive return period is to be calculated as 10 follows -- ⎛ UT ⎞ ⎛ D ⎞ 11 N×⎜ ⎟×⎜ ⎟ ⎝ 12 ⎝ P 12 where -- 13 N is the number of months in the progressive 14 return period; 15 UT is the upper threshold amount; 16 D is the number of days in the progressive return 17 period, or part of the progressive return period, 18 during which WA taxable wages were paid or 19 payable by the employer; 20 P is the number of days in the progressive return 21 period. 22 13. Annual tax liability: interstate non-group employers 23 (1) In this section -- 24 Australian taxable wages means WA taxable wages 25 and interstate taxable wages. page 15 Taxation Legislation Amendment Bill 2015 Part 4 Pay-roll Tax Assessment Act 2002 amended s. 14 1 (2) If an employer is an interstate non-group employer for 2 the whole of an assessment year, the amount of 3 pay-roll tax payable by the employer for the year is -- 4 (a) if the total amount of Australian taxable wages 5 paid or payable by the employer during the year 6 is less than or equal to the annual threshold 7 amount for the year -- nil; 8 (b) if the total amount of Australian taxable wages 9 paid or payable by the employer during the year 10 is equal to or greater than the upper threshold 11 amount -- the amount calculated by applying 12 the pay-roll tax rate to the total amount of WA 13 taxable wages paid or payable by the employer 14 during the year; 15 (c) otherwise -- the amount calculated by applying 16 the pay-roll tax rate to the amount equal to the 17 difference between -- 18 (i) the total amount of WA taxable wages 19 paid or payable by the employer during 20 the year; and 21 (ii) the deductable amount for the employer 22 for the year calculated in accordance 23 with subsection (3). 24 (3) For the purposes of subsection (2)(c)(ii), the deductable 25 amount for the employer for the year is to be calculated 26 as follows -- W ⎞ 27 (AT − [(TW − AT)× TV])× ⎛⎜ ⎟ ⎝ TW 28 where -- 29 AT is the annual threshold amount for the year; page 16 Taxation Legislation Amendment Bill 2015 Pay-roll Tax Assessment Act 2002 amended Part 4 s. 14 1 TW is the total amount of Australian taxable wages 2 paid or payable by the employer during the 3 year; 4 TV is the tapering value for the year; 5 W is the total amount of WA taxable wages paid or 6 payable by the employer during the year. 7 (4) If an employer is an interstate non-group employer for 8 only part of an assessment year (the part-year), the 9 amount of pay-roll tax payable by the employer for the 10 part-year is -- 11 (a) if the total amount of Australian taxable wages 12 paid or payable by the employer during the 13 part-year is less than or equal to the 14 apportioned annual threshold amount for the 15 part-year -- nil; 16 (b) if the total amount of Australian taxable wages 17 paid or payable by the employer during the 18 part-year is equal to or greater than the 19 apportioned upper threshold amount for the 20 part-year -- the amount calculated by applying 21 the pay-roll tax rate to the total amount of WA 22 taxable wages paid or payable by the employer 23 during the part-year; 24 (c) otherwise -- the amount calculated by applying 25 the pay-roll tax rate to the amount equal to the 26 difference between -- 27 (i) the total amount of WA taxable wages 28 paid or payable by the employer during 29 the part-year; and 30 (ii) the deductable amount for the employer 31 for the part-year calculated in 32 accordance with subsection (5). page 17 Taxation Legislation Amendment Bill 2015 Part 4 Pay-roll Tax Assessment Act 2002 amended s. 14 1 (5) For the purposes of subsection (4)(c)(ii), the deductable 2 amount for the employer for the part-year is to be 3 calculated as follows -- W ⎞ 4 (AAT − [(TW − AAT) × TV])× ⎛⎜ ⎟ ⎝ TW 5 where -- 6 AAT is the apportioned annual threshold amount for 7 the part-year; 8 TW is the total amount of Australian taxable wages 9 paid or payable by the employer during the 10 part-year; 11 TV is the tapering value for the year; 12 W is the total amount of WA taxable wages paid or 13 payable by the employer during the part-year. 14 (6) The apportioned annual threshold amount for part of an 15 assessment year is calculated in accordance with 16 section 14(1). 17 (7) The apportioned upper threshold amount for part of an 18 assessment year is calculated in accordance with 19 section 14(2). 20 14. Apportioned threshold amounts for s. 13: interstate 21 non-group employers 22 (1) For the purposes of section 13, the apportioned annual 23 threshold amount for part of an assessment year is to be 24 calculated as follows -- ⎛P⎞ 25 AT × ⎜ ⎟ ⎝Y page 18 Taxation Legislation Amendment Bill 2015 Pay-roll Tax Assessment Act 2002 amended Part 4 s. 15 1 where -- 2 AT is the annual threshold amount for the year; 3 P is the number of days in that part of the year; 4 Y is the number of days in the year. 5 (2) For the purposes of section 13, the apportioned upper 6 threshold amount for part of an assessment year is to be 7 calculated as follows -- ⎛P⎞ 8 UT × ⎜ ⎟ ⎝Y 9 where -- 10 UT is the upper threshold amount; 11 P is the number of days in that part of the year; 12 Y is the number of days in the year. 13 14 15. Section 17 amended 15 (1) Before section 17(1) insert: 16 17 (1A) In this section -- 18 Australian taxable wages means WA taxable wages 19 and interstate taxable wages. 20 21 (2) In section 17(1) delete "WA taxable wages or interstate taxable 22 wages" (each occurrence) and insert: 23 24 Australian taxable wages 25 page 19 Taxation Legislation Amendment Bill 2015 Part 4 Pay-roll Tax Assessment Act 2002 amended s. 15 1 (3) Delete section 17(2) and insert: 2 3 (2) The amount of pay-roll tax payable by the group for 4 the assessment year is -- 5 (a) if the total amount of Australian taxable wages 6 paid or payable by the group members during 7 the year is less than or equal to the annual 8 threshold amount for the year -- nil; 9 (b) if the total amount of Australian taxable wages 10 paid or payable by the group members during 11 the year is equal to or greater than the upper 12 threshold amount -- the amount calculated by 13 applying the pay-roll tax rate to the total 14 amount of WA taxable wages paid or payable 15 by the group members during the year; 16 (c) otherwise -- the amount calculated by applying 17 the pay-roll tax rate to the amount equal to the 18 difference between -- 19 (i) the total amount of WA taxable wages 20 paid or payable by the group members 21 during the year; and 22 (ii) the deductable amount for the group for 23 the year calculated in accordance with 24 subsection (3A). 25 (3A) For the purposes of subsection (2)(c)(ii), the deductable 26 amount for the group for the year is to be calculated as 27 follows -- W ⎞ 28 (AT − [(TW − AT)× TV])× ⎛⎜ ⎟ ⎝ TW 29 where -- 30 AT is the annual threshold amount for the year; page 20 Taxation Legislation Amendment Bill 2015 Pay-roll Tax Assessment Act 2002 amended Part 4 s. 15 1 TW is the total amount of Australian taxable wages 2 paid or payable by the group members during 3 the year; 4 TV is the tapering value for the year; 5 W is the total amount of WA taxable wages paid or 6 payable by the group members during the year. 7 8 (4) In section 17(3): 9 (a) in paragraph (a) after "assessment year" (1st occurrence) 10 insert: 11 12 (the part-year) 13 14 (b) delete "WA taxable wages or interstate taxable wages" 15 (each occurrence) and insert: 16 17 Australian taxable wages 18 19 (5) Delete section 17(4) and insert: 20 21 (4) The amount of pay-roll tax payable by the group for 22 the assessment year is -- 23 (a) if the total amount of Australian taxable wages 24 paid or payable by the group members during 25 the part-year is less than or equal to the 26 apportioned annual threshold amount for the 27 part-year -- nil; 28 (b) if the total amount of Australian taxable wages 29 paid or payable by the group members during 30 the part-year is equal to or greater than the 31 apportioned upper threshold amount for the 32 part-year -- the amount calculated by applying page 21 Taxation Legislation Amendment Bill 2015 Part 4 Pay-roll Tax Assessment Act 2002 amended s. 15 1 the pay-roll tax rate to the total amount of WA 2 taxable wages paid or payable by the group 3 members during the part-year; 4 (c) otherwise -- the amount calculated by applying 5 the pay-roll tax rate to the amount equal to the 6 difference between -- 7 (i) the total amount of WA taxable wages 8 paid or payable by the group members 9 during the part-year; and 10 (ii) the deductable amount for the group for 11 the part-year calculated in accordance 12 with subsection (5). 13 (5) For the purposes of subsection (4)(c)(ii), the deductable 14 amount for the group for the part-year is to be 15 calculated as follows -- W ⎞ 16 (AAT − [(TW − AAT) × TV])× ⎛⎜ ⎟ ⎝ TW 17 where -- 18 AAT is the apportioned annual threshold amount for 19 the part-year; 20 TW is the total amount of Australian taxable wages 21 paid or payable by the group members during 22 the part-year; 23 TV is the tapering value for the year; 24 W is the total amount of WA taxable wages paid or 25 payable by the group members during the 26 part-year. 27 (6) The apportioned annual threshold amount for part of an 28 assessment year is calculated in accordance with 29 section 18(1). page 22 Taxation Legislation Amendment Bill 2015 Pay-roll Tax Assessment Act 2002 amended Part 4 s. 16 1 (7) The apportioned upper threshold amount for part of an 2 assessment year is calculated in accordance with 3 section 18(2). 4 5 16. Section 18 replaced 6 Delete section 18 and insert: 7 8 18. Apportioned threshold amounts for s. 17: groups 9 (1) For the purposes of section 17, the apportioned annual 10 threshold amount for part of an assessment year is to be 11 calculated as follows -- ⎛P⎞ 12 AT × ⎜ ⎟ ⎝Y 13 where -- 14 AT is the annual threshold amount for the year; 15 P is the number of days in that part of the year; 16 Y is the number of days in the year. 17 (2) For the purposes of section 17, the apportioned upper 18 threshold amount for part of an assessment year is to be 19 calculated as follows -- ⎛P⎞ 20 UT × ⎜ ⎟ ⎝Y 21 where -- 22 UT is the upper threshold amount; 23 P is the number of days in that part of the year; 24 Y is the number of days in the year. 25 page 23 Taxation Legislation Amendment Bill 2015 Part 4 Pay-roll Tax Assessment Act 2002 amended s. 17 1 17. Section 22A deleted 2 Delete section 22A. 3 18. Schedule 1 amended 4 At the end of Schedule 1 insert: 5 6 Division 5 -- Provisions for the Taxation Legislation 7 Amendment Act 2015 Part 4 8 14. Changes relating to tax thresholds do not apply to 9 assessment years commencing before 1 July 2015 10 This Act has effect in relation to an assessment year that 11 commenced before 1 July 2015 as if the amendments in the 12 Taxation Legislation Amendment Act 2015 Part 4 had not 13 come into operation. 14 15 19. Glossary amended 16 (1) In the Glossary clause 1 delete the definition of apportioned 17 threshold amount. 18 (2) In the Glossary clause 1 insert in alphabetical order: 19 20 tapering value, for a year, means the tapering value for the 21 year calculated in accordance with section 8(4); 22 upper threshold amount means the amount fixed under 23 section 8(3); 24 25
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