New South Wales Consolidated Acts

PAYROLL TAX ACT 2007 - SECT 99B

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.

(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.