(1) Section 6(1)
is repealed and the following subsection is inserted instead —
“
(1) This section applies in respect of each employer who,
during a financial year —
(a) is
not a member of a group; and
(b)
while not a member of a group, pays interstate wages,
and declares the rate
of pay-roll tax payable by each such employer for the period the employer is
not a member of a group to be the appropriate rate ascertained in accordance
with this section.
”.
(2) Section 6(6)
and (7) are repealed and the following subsections are inserted
instead —
“
(6) If the estimated
total interstate wages and taxable wages paid or payable by an employer for a
financial year commencing on 1 July 2001 or 1 July of a subsequent
year, or part of that financial year, is —
(a) not
more than $2 700 000 x Y , the rate of pay-roll tax payable each
month for the year, or part of the year, shall be determined as 3.65%;
(b) more
than $2 700 000 x Y but less than $4 500 000 x Y , the
rate of pay-roll tax payable each month for the year, or part of the year,
shall be determined as R %, where —
(calculated to 2 decimal points)
E = amount of
total interstate wages and taxable wages estimated by the employer to be paid
or payable for the financial year or part of the financial year;
(c) not
less than $4 500 000 x Y but less than $5 625 000 x Y ,
the rate of pay-roll tax payable each month for the year, or part of the year,
shall be determined as R %, where —
(calculated to 2 decimal points)
E = amount of
total interstate wages and taxable wages estimated by the employer to be paid
or payable for the financial year or part of the financial year;
(d)
$5 625 000 x Y or more, no determination shall be made under this
subsection.
(7) Subject to
subsection (11), if the amount of total interstate wages and taxable
wages paid or payable by an employer for a financial year commencing on
1 July 2001 or 1 July of a subsequent year, or part of that
financial year, is —
(a) not
more than $2 700 000 x Y , the rate of pay-roll tax for the year, or
part of the year, is 3.65%;
(b) more
than $2 700 000 x Y but less than $4 500 000 x Y , the
rate of pay-roll tax for the year, or part of the year, is R %,
where —
(calculated to 4 decimal points)
W = amount of
total interstate wages and taxable wages paid or payable for the financial
year or part of the financial year;
(c) not
less than $4 500 000 x Y but less than $5 625 000 x Y ,
the rate of pay-roll tax for the year, or part of the year, is R %,
where —
(calculated to 4 decimal points)
W = amount of
total interstate wages and taxable wages paid or payable for the financial
year or part of the financial year;
(d)
$5 625 000 x Y or more, the rate of pay-roll tax for the year, or
part of the year, is 5.56%.
(8) In
subsections (6) and (7) —
“ Y ” means —
the number of days in the financial year for which interstate wages or taxable
wages were paid or payable or estimated to be paid or payable |
|
the number of days in the financial year |
”.