Common use of RESIDENTIAL WITHHOLDING TAX Clause in Contracts

RESIDENTIAL WITHHOLDING TAX. 45.1 In this clause 45 the following words have the following meanings:‌ ATO means the Australian Taxation Office, and includes the Commissioner for Taxation; RW Amount means the amount which must be paid under section 14-250 of the Withholding Law; RW Amount Information means the information set out in the table entitled “RW Amount (Residential Withholding Payment) — Further Details” set out in this Contract; and as provided or updated under this Contract. RW Percentage means the percentage amount stated in section 14-250(6), (8) and (9) of the Withholding Law, as applicable to the supply of the Land from the Seller to the Buyer; and Withholding Law means Subdivision 14 of Schedule 1 of the Taxation Administration Act 1953 (Cth) and associated provisions.

RESIDENTIAL WITHHOLDING TAX. 45.1 In this clause 45 the following words have the following meanings:‌ meanings: ATO means the Australian Taxation Office, and includes the Commissioner for Taxation; RW Amount means the amount which must be paid under section 14-250 of the Withholding Law; RW Amount Information means the information set out in the table entitled “RW Amount (Residential Withholding Payment) — Further Details” set out in this Contract; and as provided or updated under this Contract. RW Percentage means the percentage amount stated in section 14-250(6), (8) and (9) of the Withholding Law, as applicable to the supply of the Land from the Seller to the Buyer; and Withholding Law means Subdivision 14 of Schedule 1 of the Taxation Administration Act 1953 (Cth) and associated provisions.