Taxation (Budget Measures) Act 2010

35 Schedule 1—Basic tax rates: income tax, ESCT, RSCT, RWT, and attributed fringe benefits: part D, table 5

  • Schedule 1, part D, table 5 is replaced by the following:

    Table 5
    RowConditionsPayment rate
    1The person responsible for withholding RSCT— 
     (a) has been notified under section 28C of the Tax Administration Act 1994 that 12.5 or 10.5 cents in the dollar is the person's retirement scheme prescribed rate; and 
     (b)has been supplied with the tax file number of the person.0.105
    2 The person is a non-resident and a distribution of no more than $200 is made to them by a retirement scheme contributor that is a Maori authority.0.105
    3The person responsible for withholding RSCT— 
     (a)has been notified under section 28C of the Tax Administration Act 1994 that 21 or 17.5 cents in the dollar is equal to or greater than the person's retirement scheme prescribed rate; and 
     (b)has been supplied with the tax file number of the person.0.175
    4 The person responsible for withholding RSCT— 
     (a) has been notified under section 28C of the Tax Administration Act 1994 that 33 or 30 cents in the dollar is equal to or greater than the person's retirement scheme prescribed rate; and 
     (b)has been supplied with the tax file number of the person.0.300
    5When none of rows 1 to 4 apply.0.330
    How to use this table:Find the applicable condition in the second column, in order to find the relevant rate to apply, in the third column.