New South Wales Bills New South Wales Bills[Index] [Search] [Download] [Related Items] [Help]
This is a Bill, not an Act. For current law, see the Acts databases.
New South Wales
Payroll Tax Amendment (Payroll Tax Waiver)
Bill 2021
Contents
Page
1 Name of Act 2
2 Commencement 2
Schedule 1 Amendment of Payroll Tax Act 2007 No 21 3
I certify that this public bill, which originated in the Legislative Assembly, has finally passed
the Legislative Council and the Legislative Assembly of New South Wales.
Clerk of the Legislative Assembly.
Legislative Assembly,
Sydney, , 2021
New South Wales
Payroll Tax Amendment (Payroll Tax Waiver)
Bill 2021
Act No , 2021
An Act to amend the Payroll Tax Act 2007 to provide for a waiver of payroll tax of 50% for certain
employers.
I have examined this bill and find it to correspond in all respects with the bill as finally
passed by both Houses.
Assistant Speaker of the Legislative Assembly.
Payroll Tax Amendment (Payroll Tax Waiver) Bill 2021 [NSW]
The Legislature of New South Wales enacts--
1 Name of Act
This Act is the Payroll Tax Amendment (Payroll Tax Waiver) Act 2021.
2 Commencement
This Act commences on the date of assent to this Act.
Page 2
Payroll Tax Amendment (Payroll Tax Waiver) Bill 2021 [NSW]
Schedule 1 Amendment of Payroll Tax Act 2007 No 21
Schedule 1 Amendment of Payroll Tax Act 2007 No 21
[1] Section 99A, heading
Insert "for financial year 2019-2020" after "less".
[2] Section 99B
Insert after section 99A--
99B Temporary reduction for businesses with annual wages of $10 million or less
for financial year 2021-2022
(1) An employer who is liable to pay payroll tax on wages paid or payable for the
financial year commencing on 1 July 2021 is only required to pay 50% of that
payroll tax if--
(a) all Australian wages paid or payable by the employer are $10,000,000
or less, and
(b) the employer--
(i) qualified for the 2021 COVID-19 JobSaver Payment scheme or
the 2021 COVID-19 Business Grant scheme administered by
Service NSW, or
(ii) met the 30% or greater decline in turnover eligibility test for
either of the schemes, whether or not the employer has applied
for a payment or grant, or met other eligibility criteria for a
payment or grant, under the schemes.
(2) An employer who is part of a group is not eligible for the reduction referred to
in subsection (1) unless the employer provides the Chief Commissioner with
the following information--
(a) information about all other employers who are part of the group,
(b) the amount of taxable wages and interstate wages paid or payable by
each of those employers for the financial year commencing on 1 July
2021.
(3) To avoid doubt, an employer does not cease to be eligible for the reduction
referred to in subsection (1) merely because the employer ceased paying
wages before the commencement of this section.
(4) The Chief Executive Officer of Service NSW is entitled to disclose, and the
Chief Commissioner is entitled to receive, and to use in relation to the
administration of a taxation law, information contained in, or relating to, an
employer's application for a 2021 COVID-19 JobSaver Payment or a 2021
COVID-19 Business Grant.
Page 3
Payroll Tax Amendment (Payroll Tax Waiver) Bill 2021 [NSW]
Schedule 1 Amendment of Payroll Tax Act 2007 No 21
(5) In this section--
all Australian wages paid or payable by an employer means the sum of the
following--
(a) all taxable wages paid or payable by the employer,
(b) all interstate wages paid or payable by the employer,
(c) all taxable wages and interstate wages paid or payable by all members
of the group that the employer is part of.
Page 4
[Index] [Search] [Download] [Related Items] [Help]