This note is not part of the regulations, but is intended to indicate their general effect.
These regulations, which come into force on 8 September 2003, replace the Income Tax (Withholding Payments) Amendment Regulations 2003, which were made recently.
These regulations provide a new class of withholding payments for contractors in the television, video, or film industries. The rate of tax deduction is 20 cents per $1.
The new class does not apply to resident entertainers in the class in clause 4(a) of Part B, non-resident entertainers in the class in clause 4(b) of Part B, or non-resident contractors in the class in Part E.
The replaced regulations would unintentionally have applied the new class to those groups.