Payroll Tax Definitions
Term | Definition |
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remuneration |
Any payment that is in return for services. |
return period |
... in relation to an employer, means a period relating to which that employer is required to lodge a return under Payroll Tax legislation. |
services rendered |
Work that a person performs for their employer that they have been paid a wage for - or will be paid for - is considered services rendered. |
share |
A share in a company and includes a stapled security. |
significant wage change |
A significant wage change happens during a month when the amount of annual wages that an employer can estimate at the end of the month differs by more than 30% from the annual wage figure used to calculate the fixed periodic deduction. |
superannuation contribution |
A contribution paid or payable by an employer in respect of an employee – (a) to or as a superannuation fund within the meaning of the Superannuation Industry (Supervision) Act 1993 of the Commonwealth; or (b) as a superannuation guarantee charge within the meaning of the Superannuation Guarantee (Administration) Act 1992 of the Commonwealth; or (c) to or as any other form of superannuation, provident or retirement fund or scheme including – (i) the Superannuation Holding Accounts Special Account within the meaning of the Small Superannuation Accounts Act 1995 of the Commonwealth; and (ii) a retirement savings account within the meaning of the Retirement Savings Accounts Act 1997 of the Commonwealth; and (iii) a wholly or partly unfunded fund or scheme. |
tax default |
A payroll tax default occurs when a taxpayer fails to pay tax in accordance with the Payroll Tax Act (Pay-roll Tax Assessment Act in WA). Two types of tax default can occur: Late Payment Tax Default – occurs when the correct amount of payroll tax is paid in full after the due date but before any action has been taken by the Commissioner. Tax Shortfall Tax Default – any tax default, other than late payment. |
taxable wages |
Means wages that are taxable in the respective state or territory. It does not include exempt wages. |
termination payment |
A payment made in consequence of the retirement from, or termination of, any office or employment of an employee. This includes:
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Territories |
Means the Australian Capital Territory (including the Jervis Bay Territory) and the Northern Territory. |