Federal Register of Legislation - Australian Government

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Withholding Tax Instruments as made
This instrument reduces compliance costs for insurers and their insured clients when settling a claim or paying compensation to another entity by not requiring an ABN to be supplied. It provides a NIL withholding amount for payments made by an insurer in settlement of a claim under an insurance policy, an entity operating a compensation scheme settling a compensation claim under that scheme and a compulsory third party scheme to another entity in settlement of a claim.
Administered by: Treasury
Registered 30 Mar 2016
Tabling HistoryDate
Tabled HR18-Apr-2016
Tabled Senate18-Apr-2016
Enabled by
Authoritative version Taxation Administration Act 1953
C1953A00001No. 1, 1953