Commonwealth Consolidated Regulations

TAXATION ADMINISTRATION REGULATIONS 2017 - REG 41

    The amount to be withheld under section   12 - 245, 12 - 250 or 12 - 255 in Schedule   1 to the Act from interest (within the meaning of Division   11A of Part   III of the Income Tax Assessment Act 1936 ) is an amount equal to 10% of the amount of the interest.