Victorian Repealed Acts

This legislation has been repealed.

Pay-roll Tax Act 1971 - SECT 11B

Annual adjustments

11B. Annual adjustments





(1) In this section annual amount of pay-roll tax, in relation to an employer,
means-





   (a)  subject to paragraphs (b) and (c)-the amount ascertained by applying
        the appropriate rate or rates of pay-roll tax prescribed by section
        7(1) to the difference between-

   (i)  the total of the taxable wages paid or payable by that employer during
        a financial year; and

   (ii) the prescribed amount;

   (b)  where, in respect of the financial year commencing on 1 July 1986, the
        total of the wages (disregarding foreign wages) paid or payable by
        that employer is $1 250 000 or more-the amount ascertained by applying
        the rate of 6 per centum to the difference between-

   (i)  the total of the taxable wages paid or payable by that employer during
        the financial year; and

   (ii) the prescribed amount-

less the reduction amount; and

   (c)  where, in respect of the financial year commencing on 1 July 1987, and
        ending on 31 October 1987, the total of the wages (disregarding
        foreign wages) paid or payable by that employer is $438 082 or
        more-the amount ascertained by applying the rate of 6 per centum to
        the difference between-

   (i)  the total of the taxable wages paid or payable by that employer during
        the financial year; and

   (ii) the prescribed amount-

less the reduction amount.

(2) Subject to section 9A, where taxable wages are paid or payable by an
employer during a financial year commencing on or after 1st January, 1976-

   (a)  the Commissioner shall, on application made by that employer in
        accordance with subsection (3), where the amount of pay-roll tax paid
        or payable by that employer when he made the returns relating to that
        financial year is greater than the annual amount of pay-roll tax in
        relation to that employer for that financial year, refund to that
        employer an amount equal to the difference, reduced by any amount
        refunded to him otherwise than under this section; or

   (b)  that employer shall, where the amount of pay-roll tax paid or payable
        by that employer when he made the returns relating to that financial
        year is less than the annual amount of pay-roll tax in relation to
        that employer for that financial year, pay to the Commissioner as
        pay-roll tax, within the period during which he is required to furnish
        a return under this Act in respect of the return period that is or
        includes the month of June in that financial year, an amount equal to
        the difference.

(3) An application under paragraph (a) of subsection (2) shall be made within
the financial year next following the financial year in respect of which the
refund is applied for.