Federal Register of Legislation - Australian Government

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Exemptions as made
This instrument exempts certain entities that administer a Portable Long Service Leave scheme or make payments of long service leave to members of the scheme. Additionally, Portable Redundancy scheme providers are not required to report termination of employment payments made to members of the scheme in the 2020-21 financial year.
Administered by: Treasury
Registered 26 Jun 2020

Legislative Instrument

 

Taxation Administration – Single Touch Payroll – 2020‑21 year Portable Long Service Leave and Portable Redundancy Scheme Providers Exemption 2020

 

 

I, Louise Clarke, Deputy Commissioner of Taxation, make this instrument under subsection 389‑10(1) of Schedule 1 to the Taxation Administration Act 1953.

 

 

Louise Clarke

Deputy Commissioner of Taxation

Policy, Analysis and Legislation

Law Design and Practice

Date of making: 12 June 2020

 

 

1.            Name of instrument

This is the Taxation Administration – Single Touch Payroll – 202021 year Portable Long Service Leave and Portable Redundancy Scheme Providers Exemption 2020 instrument.

 

2.            Commencement

This instrument commences on 1 July 2020.

 

3.            Application

This instrument applies to entities that administer a Portable Long Service Leave scheme or Portable Redundancy scheme and make payments to members of the scheme.

 

4.            Determination

An entity that is an administrator of a Portable Long Service Leave scheme or Portable Redundancy scheme, and would otherwise have obligations under section 3895 of Schedule 1 to the Taxation Administration Act 1953 to report in respect of payments made to members of the scheme is exempt from those reporting obligations for the 202021 financial year.

 

5.            Definitions

In this determination, the terms ‘Portable Long Service Leave scheme’ and ‘Portable Redundancy scheme’ refer to those schemes in which an employee’s entitlements to receive payment in respect of long service leave and redundancy (respectively) are accrued over a period of time without reference to a specific employer – although generally each employer will have made contributions into the scheme.